Auto Industry Slowdown Continues in India: The brand-wise car sales report for August 2019 has recently surfaced and every major car brand has witnessed a gradual downfall in sales when compared to the same month last year. Things seem to be turning out for bad for every other carmaker during the past few months.
One of the major reasons for the downfall could be that most of the customers are waiting for the brands to introduce their BS6 variants, which are expected to launch shortly. Amidst all this, the upcoming Auto Expo 2020 is also one of the reasons that customers are putting a hold on buying new cars.
As per the latest sales report, Maruti Suzuki registered a sale figure of 93,173 units in August 2019, witnessing a downfall in sales by 36% as compared to the same month last year. The brand registered a total of 1,45,624 units in July 2018. Standing second on the list is Hyundai, being able to register a sales figure of 38,000 units in August 2019. The brand has seen a downfall of 17% when compared to the sales number of August 2018.
Taking the third spot is Mahindra, registering a total sales of 13,150 in August 2019 as opposed to the 18,037 units sold in July last year. the brand has witnessed a decline of 27.1% in sales when compared to August 2018.
The highest drop in sales has been registered by Tata Motors in August 2019 by witnessing a total sales of just 7,316 units. The total decline in brand sales now stands at 60.3% as compared to the same month last year.
The sales for Honda dropped by 51.3 % by registering a total of 8,291 units in August while Toyota, on the other hand, registered a decline by 24.3% by witnessing a total sales of 10,701 units in August 2019. Ford Motors registered a total sales of 5,517 units in August 2019 and witnessed a decline of 31.4% when compared to the same month last year.
Renault, on the other hand, did register a few more units when compared to July 2019 by getting their sales up by 2,040. The brand registered a total sales of 5,700 units in August 2019 though the yearly downfall stands at 13.1%. The brands like Nissan, Volkswagen, Fiat, and Skoda registered a total decline in sales by 54.5%, 30.8%, 56.6% and 12.5% respectively.
Auto Industry Slowdown
Brand-Wise Car Sales Report (August 2019)
- Maruti Suzuki: 93,173 units
- Hyundai: 38,000 units
- Mahindra: 13,150 units
- Toyota: 10,701 units
- Honda: 8,291 units
- Tata: 7,316 units
- Renault: 5,700 units
- Ford: 5,517 units
- Volkswagen: 2,306 units
- Nissan: 1,413 units
- Skoda: 1,164 units
- Fiat: 609 units
Kia Motors recently entered the Indian market and the Seltos SUV has been able to register a sales figure of 6,200 units in the first month. MG Motors made a debut in India earlier this year, and they have registered a sales figure of 3,526 units in 2 months, since the launch of Hector SUV in the country.