The Indian auto industry has recorded an unprecedented slowdown in July 2019. In fact, the passenger vehicle volumes reportedly to have declined around 30 per cent in July as compared to the last year. Major automakers including Maruti Suzuki, Hyundai, Honda, Tata Motors and Mahindra, which accounts for more than 70% of total volumes witnessed a double digit declines in July sales.
Fiat Chrysler Automobiles India only delivered 511 units in July as against 843 units in the previous month, recorded a drop of 39.4%. In fact, the FCA India sales have gone down by 58.5% compared to the previous year. Jeep sales were declined by 35.8%. French automaker, Renault recorded a negative growth of 32.2%. Only 3,660 units were sold in July, which is 41.1% less than the previous year.
Tata Motors reported a decline of 21.5% in July 2019. The company delivered 10,485 units as against 13,351 units in June 2019. Ford sold 6,248 units in July, which is a negative growth of 19.6% compared to the previous year. Nissan sales slipped by 43.4% in July as against the same month previous year. In fact, Datsun registered a 55.9% year-on-year negative growth. Also See – Follow Traffic Rules or Pay up to 10 Times More Fine – New Motor Vehicle Act
India’s largest automaker, Maruti Suzuki has recorded an unprecedented 36.3 per cent sales decline in July. The company delivered 96,478 units in July 2019 as against 1,52,427 units in July 2018. Hyundai Motor India also recorded a decline of 10.28 per cent, as it delivered 39,010 units in July 2019 compared to 43,481 units in corresponding month last year. Read – Vehicle Registration To Get Expensive By Up To Rs 20,000
Mahindra sold 16,831 vehicles in July 2019, recording a negative growth of 14.91 per cent. Toyota recorded a year-on-year decline of 23.77 per cent. It delivered 10,423 units in July 2019 as compared to 13,677 units in the same month last year. Honda too recorded a massive decline of 48.67 per cent. The company sold 10,250 cars in July 2019 compared to 19,970 units last year.
Hero MotoCorp registered a negative growth of 19.2%, while Honda Motorcycles and Scooters India witnessed 10.5% decline in sales in July 2019. Only Suzuki Motor India recorded a positive growth of 17.5%. TVS Motor Company, Bajaj and Royal Enfield recorded a negative growth of 15.7%, 15.1% and 26.6% respectively.