Automobile October 2018 numbers: Adverse macros weigh, but festivity brings cheer in select pockets

Weakening macroeconomic conditions marked by an upward thrust in crude oil fees, rupee depreciation, rising hobby price regime and regulatory challenges from mandatory long-time period coverage in addition to natural calamity like floods in Kerala dampened the demand for most of the auto majors in India in September 2018. However, the onset of the festive season managed to convey cheer to pickpockets inside the month of October 2018.

What continued to carry out well became the commercial vehicles (CV) phase. An advanced rural sentiment, the government’s awareness of infrastructure and increase in mining activities helped. Three-wheeler (3W) sales also won electricity on the returned to authorities’ choice to cease Permit Raj and no permit regime for alternate fueled 3Ws. Two-wheeler section witnessed robust momentum ahead of festive season.

Passenger vehicle (PV) income continues to disappoint basically due to Kerala flood effect, a high base of closing yr and unfavourable macro factors. Further, development within the international market is boosting export income for Indian auto majors.

Commercial Vehicle – Continues to be Robust

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Despite liquidity constraint, the CV segment persisted to post wholesome monthly sales extent and remained resilient. This changed into on the returned of increasing demand from creation, focus on infrastructure and boom in mining activities.

FMCG and e-trade sectors, as well as growing demand from the box and refrigerated vans, led to a strong boom inside the LCV (Light Commercial Vehicle) phase.

Tata Motors registered a 20 per cent yr-on-yr (YoY) boom in CV volumes in October 2018. It posted a robust increase of 27.2 per cent in M&HCV section on the again of latest Tata Ultra variety of trucks which can be gaining sizeable acceptance and contributing to volumes.Image result for Automobile October 2018 numbers: Adverse macros weigh, but festivity brings cheer in select pockets

M&M posted a healthy boom at the lower back of sturdy demand coming in from the LCV phase pushed through the newly-launched Maha Bolero Pick-up. The management expects the growth momentum to hold due to some recent refresh launches in addition to the better overall performance of its product portfolio.

Eicher Volvo published extensive year-on-year (YoY) growth of 15.Eight per cent in the month. Ashok Leyland continued to publish a robust YoY growth of 17 per cent in October 2018.


Cars Segment – negative macro impacting

Amid rising fee of the general cost of ownership at the back of increasing gas charges, growing hobby fee and mandatory long-time period coverage coupled with the flood in Kerala (around eleven percentage exposure), the leader, Maruti, posted a flat domestic volume for the month.

For Tata Motors, the passenger vehicle segment grew of 10 per cent (YoY). It added 4 new product interventions to maximise the festive season sales.

M&M posted a muted increase of two.6 percentage. The management indicated that with the launch of the Marazzo, it hopes to see buoyancy in passenger car numbers, going forward.


Two-wheeler (2W) segment: Bajaj continues to polish

In the 2-wheeler space, Bajaj Auto leads the p.C. With a strong growth of 32. Nine per cent inside the month accompanied by using TVs which published an increase of 25 per cent. TVS’ sturdy increase was aided by bikes (20 percentage) and scooters (forty-one .Three per cent). Hero, the leader in the area, also posted a sturdy growth of 16.4 percentage on a very high base. Eicher, however, continued to put up muted growth.


Three-wheeler (3W): Steller display

The overall 3W marketplace persisted to be sturdy. TVS published a totally strong increase of 56.1 per cent and M&M published a growth of 13.1 percentage. Bajaj Auto, the leader inside the area, published a boom of seven.6 percentage handiest due to a very high base of closing 12 months.Image result for Automobile October 2018 numbers: Adverse macros weigh, but festivity brings cheer in select pockets


Tractors: gaining on superb rural sentiments

Delayed festive season and deficit in rainfall had harm tractors volumes for September. The momentum was returned within the month of October beforehand of the festive season. Escorts posted a 28.7 per cent YoY growth and M&M grew 17.7 per cent YoY.


Exports: robust momentum

The overall revival inside the global financial system is pondered inside the numbers of some of the leading vehicle exporters. Barring Maruti and Eicher Motors, all different auto majors posted a very sturdy YoY growth in the overseas marketplace.

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