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11
January 2018
 |
Cars (The Total Investment
& Insurance Solutions)
Domestic
automobiles sales for the month of December 2017 were up 36% yoy in December
2017 at 16,66,646 units vs 12,21,969 units in December 2016. Sales got a boost
from low base of last year, affected by demonetization exercise.
As per data released by SIAM, overall passenger vehicles (PVs) were up 5%. Within PV segment, passenger car volume stood flat while Utility Vehicles (UVs) and Vans reported growth of 15% and 31% respectively. A total of 2,39,712 PVs were sold in December 2017 against 2,27,823 in December 2016. Growth was led by Honda Cars India (26% yoy), Maruti Suzuki (11%) and Tata Motors (34%) while sales were flat for Hyundai Motor India (0.25%). Among major car makers, Toyota Kirloskar (-15%), M&M (-7%) saw a significant decline in volumes.
Sales for 2Ws, which constituted 77% of total volumes, were up 41% led by strong growth for TVS Motor (35%), Royal Enfield (16%), Honda Motorcycle & Scooter India (77%) and Hero MotoCorp (46%). Bajaj Auto reported muted sales volume growth of 6%. The Total Investment & Insurance Solutions
Commercial vehicle sales were up 53% yoy for December 2017. The strong show was led by Ashok Leyland (84%), M&M (24%), Tata Motors (62%) and VECV Eicher (55%). The Total Investment & Insurance Solutions
At 91% yoy, sales growth for 3Ws was the strongest among all domestic sub-segments for December 2017. The leader, Bajaj Auto reported 180% yoy sales growth. Other major gainers were Atul Auto (22%), M&M (13%), Piaggio (25%) and TVS Motor (65%). The Total Investment & Insurance Solutions
Our Take
Growth during the quarter was aided by low base of last year due to demonetization effect. Growth for commercial vehicles was led by pre-buying prior to mandatory government regulation for installing ACs in truck cabins came into effect on January 1, 2018. Three wheelers received a boost due to low base and release of new permits.The Total Investment & Insurance Solutions
As per data released by SIAM, overall passenger vehicles (PVs) were up 5%. Within PV segment, passenger car volume stood flat while Utility Vehicles (UVs) and Vans reported growth of 15% and 31% respectively. A total of 2,39,712 PVs were sold in December 2017 against 2,27,823 in December 2016. Growth was led by Honda Cars India (26% yoy), Maruti Suzuki (11%) and Tata Motors (34%) while sales were flat for Hyundai Motor India (0.25%). Among major car makers, Toyota Kirloskar (-15%), M&M (-7%) saw a significant decline in volumes.
Sales for 2Ws, which constituted 77% of total volumes, were up 41% led by strong growth for TVS Motor (35%), Royal Enfield (16%), Honda Motorcycle & Scooter India (77%) and Hero MotoCorp (46%). Bajaj Auto reported muted sales volume growth of 6%. The Total Investment & Insurance Solutions
Commercial vehicle sales were up 53% yoy for December 2017. The strong show was led by Ashok Leyland (84%), M&M (24%), Tata Motors (62%) and VECV Eicher (55%). The Total Investment & Insurance Solutions
At 91% yoy, sales growth for 3Ws was the strongest among all domestic sub-segments for December 2017. The leader, Bajaj Auto reported 180% yoy sales growth. Other major gainers were Atul Auto (22%), M&M (13%), Piaggio (25%) and TVS Motor (65%). The Total Investment & Insurance Solutions
Our Take
Growth during the quarter was aided by low base of last year due to demonetization effect. Growth for commercial vehicles was led by pre-buying prior to mandatory government regulation for installing ACs in truck cabins came into effect on January 1, 2018. Three wheelers received a boost due to low base and release of new permits.The Total Investment & Insurance Solutions
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