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4/10/2019

Auto Punditz – Not just another automotive website!

 
 
 
 
 

Two Wheeler Industry registered its steepest fall of FY19 in Mar’19 and recorded a de-growth of -17.3%! The

 

e

ort of OEMs to rationalize the dealership stock was clearly visible. The Industry was also marred lower

 

consumer sentiment, increased insurance premium and shrinking ‘scooter’ segment. As a matter of fact, the scooter sales declined for the rst time in the last one decade! The decline in scooter sales largely a ected Honda’s sales and the YoY drop for the Japanese major was -47%!

 
   
   
   
   

A look at YoY Growth of the Two Wheeler OEMs and the Industry –

 
 
 
 

The Top 3 OEMs recorded a fall in terms of YoY sales!   

 

TVS overtook Honda’s volumes in Mar’19. This was nothing less of a shocker and no one would have anticipated that Honda’s volume could drop to this extent! 

 

Bajaj, Yamaha & Suzuki reported a positive YoY growth. Bajaj was the most successful mass market bike maker in FY19 and Mar’19 too was a positive month for the Indian OEM.

 

Suzuki overtook Royal En eld in Mar’19! Royal En eld is continuously experiencing drop in the volumes and FY19 eld in Mar’19! Royal En eld is continuously experiencing drop in the volumes and FY19 has been an extremely tough year. RE was the 5th biggest Two Wheeler OEM in Mar’18 – It’s ranked dropped to 7th in Mar’19!

 

4/10/2019

Auto Punditz – Not just another automotive website!

Mahindra 2 Wheelers sales dropped -51.2%! Have they still not started shipping the Jawa bikes

Mahindra 2 Wheelers sales dropped -51.2%! Have they still not started shipping the Jawa bikes in full swing? The delay is just adding to the owes of the customers who’d have booked the Jawa.

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At the end of nancial year 2018-19 (FY19); we thought of deeply analyzing the Indian Automotive scene and assess the segment-wise performance of the o erings in the Indian market. FY19 was an extremely tough year for the Auto Industry and it grew a feeble 2.7% YoY in this scal year v/s FY18. Majority of the OEMs reported a negative growth and increased discount out ow hampered their bottomlines even more badly. Similar condition seen at the channel partners end as well where they carried an all time high stock with mounting expenses. The scenario doesn’t look much better this year too where SIAM has projected a single digit growth forecast (3% to 5%) for FY20 owing to rise in commodity price, election, below normal monsoon, BS 6 norms and uctuating interest rates. However the in ux of new OEMs (Kia/MG) in this FY could give some required boost to renew the consumer interest and catapult the growth levels as well.

Let’s look at the modelwise performance (FY19 v/s FY18) –

4/10/2019

Auto Punditz – Not just another automotive website!

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4/10/2019

Auto Punditz – Not just another automotive website!

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4/10/2019

Auto Punditz – Not just another automotive website!

rt from few established marques; no other models is faring well. Achrol Niwas A Treehouse

rt from few established marques; no other models is faring well.

is faring well. Achrol Niwas A Treehouse Resort ₹ 1,974 Ad MakeMyTrip Learn more Top 25

Top 25 selling models for FY19 –

faring well. Achrol Niwas A Treehouse Resort ₹ 1,974 Ad MakeMyTrip Learn more Top 25 selling

4/10/2019

Auto Punditz – Not just another automotive website!

segment.

segment. So you may be thinking which segments actually in previous Financial Year? We shall try

So you may be thinking which segments actually in previous Financial Year? We shall try and answer the question with the mentioned stats –

Entry-Hatchback Segment:

with the mentioned stats – Entry-Hatchback Segment: Apart from Alto; all other models reported heavy fall

Apart from Alto; all other models reported heavy fall in volumes. The overall segment grew a phenomenal -15% in FY19 v/s FY18with the mentioned stats – Entry-Hatchback Segment: Nano and Eon also saw their exit from the

Nano and Eon also saw their exit from the Indian market this year. The Industry has gone through a major transitional phase and the Indian Market which was once considered a hatchback dominated market is slowly upgrading to other segments.The overall segment grew a phenomenal -15% in FY19 v/s FY18 We doubt if any OEM

We doubt if any OEM shall even try to launch a new model in this segment. In long run, Alto shall be the only contender here! Hope, Renault could work some magic on refreshing the Kwid and give it a fresh lease of life to rightfully compete with Alto.and the Indian Market which was once considered a hatchback dominated market is slowly upgrading to

4/10/2019

Auto Punditz – Not just another automotive website!

Compact-Hatchback Segment: The segment saw a positive growth of 6% owing to launch of new

Compact-Hatchback Segment:

Compact-Hatchback Segment: The segment saw a positive growth of 6% owing to launch of new model

The segment saw a positive growth of 6% owing to launch of new model (Santro) and refreshed avatars of Swift, Wagon-R. However; the point to note is that out of 14 o erings on sale in the segment in FY19; 9 models reported a decline in sales! erings on sale in the segment in FY19; 9 models reported a decline in sales! It again came as a tricky segment for the OEMs and apart from few established marques; no other models is faring well.

Santro too was expected to sell much better; but the model failed to meet the expectations. Even; the late launch of refreshed Wagon-R resulted in decline of volumes for the model.few established marques; no other models is faring well. Premium Hatchback: Weddings & Gold Ad The

Wagon-R resulted in decline of volumes for the model. Premium Hatchback: Weddings & Gold Ad The

Premium Hatchback:

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Ad

Premium Hatchback: Weddings & Gold Ad The connections they have had through the ages. My Gold

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Baleno & i20 have been doing excellent in the segment and both have continuously listed
Baleno & i20 have been doing excellent in the segment and both have continuously listed

Baleno & i20 have been doing excellent in the segment and both have continuously listed themselves in the Top 10 selling cars this year.

Baleno has been giving tough competition to its sibling Swift and the volume di erence

Baleno has been giving tough competition to its sibling Swift and the volume di erence between them was a mere ~11k units in this FY. Seeing the trend; we anticipate Baleno to outsell Swift in FY20!

Freestyle gave Ford the required volume boost in the absence of Figo. It was successful to overtake both Polo & Jazz in terms of FY19 volumes basis aggressive pricing and cross-avatar. the SUVs Both would Polo be & comparatively Jazz struggled much in FY19. higher! Jazz Hence; volumes it is almost nancially halved attractive in FY19 when too for compared launching to a FY18! SUV. nancially halved attractive in FY19 when too for compared launching to a FY18! SUV.

in FY19 when too for compared launching to a FY18! SUV. Compact Sedan: Amaze proved be

Compact Sedan:

too for compared launching to a FY18! SUV. Compact Sedan: Amaze proved be a savior for
Amaze proved be a savior for both Honda and Compact Sedan segment in FY19! The

Amaze proved be a savior for both Honda and Compact Sedan segment in FY19! The model was one of the most successful launches of previous FY and in a way revived the segment. Compact Sedan sales shot up 13% and Amaze was single handedly responsible for the double digit growth!

Apart from Dzire & Amaze; all models reported a decline in volumes. Compact Sedans have

Apart from Dzire & Amaze; all models reported a decline in volumes. Compact Sedans have always been compromised models (elevated hatchbacks) to fall under the sub-4m category. The consumers are not particularly happy with the compromise and has re ected in the sales of the o erings in the segment.

Executive Sedan:

4/10/2019

Auto Punditz – Not just another automotive website!

ugh year for the Auto Industry and it grew a feeble 2.7% YoY in this

ugh year for the Auto Industry and it grew a feeble 2.7% YoY in this scal year v/s FY18. Majority of the OEMs cted a single digit growth forecast (3% to 5%) for FY20 owing to rise in commodity price, election, below normal

owing to rise in commodity price, election, below normal may be thinking which segments actually in
owing to rise in commodity price, election, below normal may be thinking which segments actually in

may be thinking which segments actually in previous Financial Year? We shall try and answer the question with the e Indian Market which was once considered a hatchback dominated market is slowly upgrading to other segments.

ve growth The of 6% segment owing reported to launch a of double new model digit de-growth (Santro) and in FY19 refreshed and apart avatars from of Swift, Verna Wagon-R. all other models However; saw the a point ctations. Even; decline the in late the launch sales. of refreshed Wagon-R resulted in decline of volumes for the model. Premium

anticipate Toyota Baleno entered to outsell the Swift segment in FY20! after Freestyle a lot of gave anticipation Ford the with required the Yaris. volume However; boost even in the Toyota absence failed of Figo. It

The model miserably was one to of make the most its presence successful felt launches in the segment of previous and FY now and the in competition a way revived lies the between segment. Ciaz, Compact City &

particularly Verna happy only! with the compromise and has re ected in the sales of the o erings in the segment. Executive

s between Ciaz, City & Verna only! Premium Sedan: ‘A dying segment’ – would be the apt words to describe the

help the segment stay a oat. All other models in the segment have been struggling to garner a sale of even >300

OEM models sales. Compact SUV: The segment grew a positive 6% in FY19 v/s FY19. Brezza volumes have been a

y demanding Premium and Sedan: shall not allow any compromises in the vehicle they chose! Mid SUV: Mid SUV has caught the fancy

uch higher! Hence; it is nancially attractive too for launching a SUV. Creta was undoubted leader in the segment ) in FY19. But; the segment saw a decline in overall sales. Even the mighty Fortuner & Endeavour reported a double unch is due in FY20. Vans: Vans reported the highest growth comparatively among all segments! Only Maruti models

growth comparatively among all segments! Only Maruti models ‘A dying segment’ – would be the apt
‘A dying segment’ – would be the apt words to describe the volumes here. However;

‘A dying segment’ – would be the apt words to describe the volumes here. However; Honda swam against the tide and launched a model in the segment this nancial year. And the result was surprisingly good – Civic’s single month’s sales was almost twice of Elantra’s volumes for the entire FY!

Will be interesting to see if Civic could woo the buyers continuously and help the

Will be interesting to see if Civic could woo the buyers continuously and help the segment stay a oat. All other models in the segment have been struggling to garner a sale of even >300 units/mth! Even adding Civic’s volumes; the segment degrew -7% in FY19 v/s FY18.

Luxury Sedan:

the segment degrew -7% in FY19 v/s FY18. Luxury Sedan: We have termed these models as

We have termed these models as luxury sedans as they cost almost similar to the Luxury OEMthe segment degrew -7% in FY19 v/s FY18. Luxury Sedan: o erings! However; the segment is

o erings! However; the segment is losing its sheen and the sales of these models are even lower than the luxury OEM models sales.

4/10/2019

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Compact SUV:

Compact SUV: The segment grew a positive 6% in FY19 v/s FY19. Brezza volumes have been

The segment grew a positive 6% in FY19 v/s FY19. Brezza volumes have been a matter of envy and all OEMs are rushing to grab a pie in the segment. Mahindra launched the XUV300 & now Hyundai is planning to place its ‘Venue’ in the segment.Compact SUV: WRV & TUV300 lost heavily and reported a degrowth of -31% & -33% respectively.

WRV & TUV300 lost heavily and reported a degrowth of -31% & -33% respectively. It clearly highlights that the Indian consumers are extremely demanding and shall not allow any compromises in the vehicle they chose!Hyundai is planning to place its ‘Venue’ in the segment. Mid SUV: Mid SUV has caught

Mid SUV:

allow any compromises in the vehicle they chose! Mid SUV: Mid SUV has caught the fancy

Mid SUV has caught the fancy of new OEMs primarily due to the sudden shift of consumers preference towards bigger SUVs. It is also important to note that the OEMs expenditure on bringing a new model (either SUV/Sedan/Hatchback) is the same; however the margins that the OEMs would make in the SUVs would be comparatively much higher! Hence; it is nancially attractive too for launching a SUV. nancially attractive too for launching a SUV.

Creta was undoubted leader in the segment and sold almost equal to Grand i10 volumes! Creta ranked 9th in the Top selling vehicles list and the performance was nothing short of a blockbuster!it is nancially attractive too for launching a SUV. Even Tata & Nissan have tried to

Even Tata & Nissan have tried to make a mark with the Harrier & Kicks in the segment.Creta ranked 9th in the Top selling vehicles list and the performance was nothing short of

Premium SUV:

4/10/2019

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Saw launches from M&M (Alturas) & Honda (New CR-V) in FY19. But; the segment saw

Saw launches from M&M (Alturas) & Honda (New CR-V) in FY19. But; the segment saw a decline in overall sales. Even the mighty Fortuner & Endeavour reported a double digit fall in volumes.Lifestyle O roader: With stringent upcoming Emission and CAFE norms; the models in this segment

Lifestyle O roader:

a double digit fall in volumes. Lifestyle O roader: With stringent upcoming Emission and CAFE norms;

With stringent upcoming Emission and CAFE norms; the models in this segment are either going for a makeover or an upgrade.a double digit fall in volumes. Lifestyle O roader: Gypsy saw the end of production this

Gypsy saw the end of production this year and hopefully should be replaced by Jimny. Even M&M is working on an updated Thar whose launch is due in FY20.this segment are either going for a makeover or an upgrade. Vans: Vans reported the highest

Vans:

on an updated Thar whose launch is due in FY20. Vans: Vans reported the highest growth

Vans reported the highest growth comparatively among all segments! Only Maruti models are in sale in this segment and clearly shows why Maruti is a market leader in India!on an updated Thar whose launch is due in FY20. Vans: If you add Omni+Eeco sales

If you add Omni+Eeco sales for FY19; the numbers are almost equal to Honda Cars India volumes for FY19. Do not understand why no other OEM is even bothering to enter this segment.segments! Only Maruti models are in sale in this segment and clearly shows why Maruti is

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4/10/2019

Auto Punditz – Not just another automotive website!

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4/10/2019

Auto Punditz – Not just another automotive website!

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4/10/2019

Auto Punditz – Not just another automotive website!

Top 25 selling cars of Mar’19 – Like 66 

Top 25 selling cars of Mar’19 –

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4/10/2019

Auto Punditz – Not just another automotive website!

The Passenger Car Sales grew a meager 2.8% in FY19 (Apr’18-Mar’19) v/s FY18 (Apr’17-Mar’18). We had anticipated a growth of over 6% in this nancial year; but the growth forecasts were dropped by >50% citing the falling demand, increasing interest rates and liquidity crunch. Not to forget the other deterrents which hampered the growth plans – Kerala Floods, Volatile Fuel costs and increasing Insurance costs. Even the channel partners (Car Dealers) saw their worst phase in the business where almost all brands were carrying excessive stocks.

Let us see the YoY performance comparison of the OEMs –

Let us see the YoY performance comparison of the OEMs – Interesting to see that the

Interesting to see that the Top 7 OEMs posted a positive growth in FY19 v/s FY18 and remaining all 5 OEMs registered a YoY de-growth!Let us see the YoY performance comparison of the OEMs – While Tata posted the highest

While Tata posted the highest growth amongst all OEMs; It was Nissan+Datsun which seems to lost the track completely. It not only saw a slump of ~31% in terms of volumes; the new launch ‘Kicks’ too isn’t performing as per expectations.FY18 and remaining all 5 OEMs registered a YoY de-growth! Do note that Tata was the

Do note that Tata was the only OEM to register a double digit growth in FY19! Surprisingly Tata achieved this feat with only 1 new model Harrier which launched in this timeframe (that too at the fag end of theonly saw a slump of ~31% in terms of volumes; the new launch ‘Kicks’ too isn’t

4/10/2019

Auto Punditz – Not just another automotive website!

nancial year). It is nice to see that Tata is not only focusing on new model launches; but equal signi cance is given to elevate their existing portfolio sales.

The growth for the Market Leader Maruti was supported by the Arena channel (6% YoY). Nexa struggled in previous FY and the sole dependence on Baleno is now showing up.cance is given to elevate their existing portfolio sales. Hyundai could post a at growth (2%)

Hyundai could post a at growth (2%) and this too was possible with the introduction of the iconic Santro. at growth (2%) and this too was possible with the introduction of the iconic Santro. However Santro wasn’t exactly a successful launch; Hyundai is pinning its hopes on the launch of the Compact-SUV Venue to gain volumes this year.

Even with 2 new models launched this year (Marazzo & XUV300); Mahindra’s YoY growth was mere 1%!launch of the Compact-SUV Venue to gain volumes this year. Honda grew a healthy 8% in

Honda grew a healthy 8% in FY19 owing to the tremendous success of New Amaze. With no new models in pipeline this year; it looks to be a di cult year for the Japanese major. cult year for the Japanese major.

In terms of Market Share; Maruti gained the most! Maruti Suzuki’s Market Share increase by 1.2% in FY19 and the Market Leader could capture a Market Share of whopping 51.9% in the Indian market! Can the likes of Kia, MG & Citroen really challenge Maruti’s success run in India? Only time shall tell.

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Maruti’s most ‘Dzire’able car tops the chart and sells ~20k units in Mar’19. Dzire is

Maruti’s most ‘Dzire’able car tops the chart and sells ~20k units in Mar’19. Dzire is now continuously ruling the chart and looks to stay here for a while.Baleno ranks second and sells >17k units in Mar’19. The Nexa’s blue eyed boy contributed

Baleno ranks second and sells >17k units in Mar’19. The Nexa’s blue eyed boy contributed to >65% of Nexa’s volumes in India.ruling the chart and looks to stay here for a while. Alto is pushed to third

Alto is pushed to third rank and shows signs of ageing now. The entry-hatch volumes are draining down and 2 models mark their exit in FY19! (Nano & Eon). The performance of the models in the segment is as shown –boy contributed to >65% of Nexa’s volumes in India. The New Wagon R is working the

The performance of the models in the segment is as shown – The New Wagon R

The New Wagon R is working the trick and crossed 16k units after 11 months. The Tall Boy ranked 4th in the list.The performance of the models in the segment is as shown – Dzire’s younger sibling Swift

Dzire’s younger sibling Swift could only cross 14k units and stood fth in the ranking table. Sixth Ranked Brezza was just 37 units short of Swift. fth in the ranking table. Sixth Ranked Brezza was just 37 units short of Swift.

i20 was Hyundai’s best seller for Mar’19 and sold over 12k units. Hyundai’s second best seller was Creta – Grand i10 now moves out of the Top 10! Maybe a refreshed avatar of Grand i10 is on the cards?only cross 14k units and stood fth in the ranking table. Sixth Ranked Brezza was just

4/10/2019

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The new Dominar 400 dons a more powerful DOHC engine and up-side down forks

400 dons a more powerful DOHC engine and up-side down forks The new Dominar brings in

The new Dominar brings in a lot of enhancements with more powerful engine, advanced technological features and a distinctive throaty exhaust note. The new Dominar now comes with a liquid cooled 373.3cc DOHC engine that delivers signi cantly higher 40 PS power. This upgrade also features 43 mm upside down (USD) forks which provides a muscular look along with better handling & comfort. The new twin barrel exhaust produces throaty exhaust note with heavy bass that augments the sports tourer feel.

The 2019 Dominar 400 is packed with a host of additional o erings, like bungee straps tucked under the seat, redesigned secondary display showing time, gear position, trip information and space craft inspired tank pad decals.

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Commenting on the Dominar 2019 upgrade, Mr. Sarang Kanade, President – Motorcycles, Bajaj Auto Ltd said, “Dominar 400 has been able to create a strong following for itself and has become the preferred choice for city riders and long distance tourers, alike. Customers have pushed the bike into extreme long distance and challenging geographies with aplomb, which inspired us to strengthen the sports tourer credentials in the new Dominar.”

The new Dominar 2019 is now available across all Bajaj Auto dealerships in dual channel ABS variant with Aurora Green and Vine Black color options at Rs. 1,73,870/- ex showroom Delhi.

Technical Speci cations –

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4/10/2019

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Ertiga sold >8k units in a month (Mar’19) for the rst since its launch!

units in a month (Mar’19) for the rst since its launch! Since the Ertiga was launched

Since the Ertiga was launched in March 2012; never has the model crossed 8k units in the past 84 months! However; the New Ertiga has given a fresh lease of life for the model and catapulted its sale to an all time high. This volume comes at a time where the segment was ignored and had a fresh competition in the name of Mahindra Marazzo. Maruti proves that it is magically capable of extracting volumes from a segment which was otherwise losing steam.

Let us have a look at the performance of the o erings in the MPV segment –

at the performance of the o erings in the MPV segment – The MPV segment grew

The MPV segment grew an impressive 12% YoY and registered a sale of 27,918 units in Mar’19. The segment was backed by strong numbers from the segment leader Ertiga and was supported by Toyota’s Innova & Mahindra’s Marazzo.at the performance of the o erings in the MPV segment – Renault today con rmed

Renault today con rmed its intent to launch its next o ering in this segment and has named rmed its intent to launch its next o ering in this segment and has named it ‘TRIBER’. It shall be a critical launch for the French Automaker; as it has already burnt its ngers with Lodgy. Renault needs to both position and price the vehicle really well to make an impact in the segment. Also the product has to stand against the mighty Ertiga & Marazzo!

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Xylo/Hexa/GO/Sumo/Lodgy – less said, the better.

Ertiga & Marazzo have just raised the hopes for the overall segment and is showing that there is still juice left here.

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a comment (http://www.autopunditz.com/news/ciaz-back-to- C-segment sedan space is primarily contested by 3 models –

C-segment sedan space is primarily contested by 3 models – Ciaz, City & Verna. While City is the longest selling nameplate in the list; Ciaz & Verna have been giving sti competition to the legend. In Mar’19; Ciaz sold 3,672 units and emerged as the segment’s bestseller. The segment had always been a tough nut to crack and even the likes of Toyota have miserably failed in their attempt.

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The segment has been slowly shrinking and not a single model in the entire list

The segment has been slowly shrinking and not a single model in the entire list posted a positive YoY growth in Mar’19!Though Ciaz topped the charts; it degrew a hefty -15% in Mar’19 v/s Mar’18. The

Though Ciaz topped the charts; it degrew a hefty -15% in Mar’19 v/s Mar’18. The C-segment o ering from Nexa has o ate facing pressure to maintain volumes; but the inconsistency in ering from Nexa has o ate facing pressure to maintain volumes; but the inconsistency in the segment is making things di cult.

City still continues to be the darling of the segment and registered a sale of 3,432 units. However; the slowdown in the segment pushed City to post degrowth of -27% YoY.inconsistency in the segment is making things di cult. The numbers clearly project why the new

The numbers clearly project why the new OEM entrants are shying away to launch models in this segment. It is now a risky a air to invest any amount of time/money to bring models here.

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Background:

Global performance of Luxury Car has been on a high in 2018, but in India last year was a challenging one. The Retail Volumes of the major luxury car manufacturers for the year 2018 is as shown (Source: Autocar) –

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Developed Markets: Luxury Cars, Volumes & Contribution into Total Vehicle Sales: In developed markets, Luxury

Developed Markets: Luxury Cars, Volumes & Contribution into Total Vehicle Sales:

In developed markets, Luxury vehicles typically account for around 5-6 percent of the overall market.

For eg: In USA, True Blue Luxury Brands (Mercedes, BMW, Tesla, Volvo, Land rover, Porsche, Mini, Jaguar) – 11.13 lakh cars sold out of the Total Vehicle Sales 1.72 crores – 6.37%. Even the premium cars from Ford, Subaru, Honda, Toyota & Kia stable included in the overall calculation – the approximate penetration should be looked at 8%.

India & its potential:

True Blue Luxury vehicle Sales in India in 2018 stood at 40,688 nos.; while the Total Vehicle Sales should be approximately at 34.5 lakh units (yet to be declared by SIAM). i.e, a Luxury vehicle penetration of 1.2%. Even today the macroeconomic forces, Elections is playing on Customers Minds is slowing down demand. We are hopeful that the Overall Market alongside with the Luxury Car grows atleast 15% post elections.

Feedbacks from CEO’s – Luxury car Market:

“We are satis ed with our sales performance in 2018 despite facing strong macroeconomic headwinds in H2 (second half), resulting in low consumer sentiment that posed signi cant sales challenges. We, however, made a strong comeback in the Q4 period (October-December) and were able to achieve a year-on-year growth,” said Martin Schwenk, MD and CEO, Mercedes-Benz India.

“2018 was surely a challenging one for the auto industry in India, especially in the second half of the year. The luxury segment was under pressure owing to nancial market development, changing customer sentiment and changes in tax policies. We faced some unforeseen business challenges during the year, which led to reduced deliveries for 2018,” said Rahil Ansari, Head, Audi India.

“The auto industry faced strong headwinds in 2018, especially in the second half with tight liquidity conditions, increased upfront insurance costs and increased lending rates. Despite that, the growth of Jaguar Land Rover in India has been very encouraging,” said Rohit Suri, president and MD, JLR India.

OUTLOOK FOR 2019:

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Cautiously Optimistic is the Word for 2019…

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re-in-mar19/#comments)  admin Mahindra launched the XUV300 in Feb’19 and a lot is riding

Mahindra launched the XUV300 in Feb’19 and a lot is riding on this model to cement M&M as the third biggest OEM in the Indian market for FY20 (Apr’19-Mar’20). M&M sold an impressive 4,484 units in the rst month of the launch itself and overtook the likes of Ford’s Ecosport & Honda’s WRV. It was able to repeat the feat in Mar’19 and sold a staggering 4,742 nos which was much higher than the sales of Ecosport (4,241 nos) & WRV (2,552 nos). However; a spurt is seen in Nexon’s sales and the model has now continuously sold >5k units for three months in a row! Post the announcement of 5-star safety rating in the NCAP tests; Nexon’s acceptability has shot up signi cantly and the same is seen in its sales volumes.

We have compiled the sales gures of the Compact SUVs (<4 meters) and is as shown –

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The overall segment grew by 6% YoY and was supported by additional volumes from XUV300

The overall segment grew by 6% YoY and was supported by additional volumes from XUV300 this year.Nexon has shown an impressive sales growth and grew 27% YoY which was highest in

Nexon has shown an impressive sales growth and grew 27% YoY which was highest in the segment! Looks like people are now considering ‘Kitni Safe Hai’ seriously.was supported by additional volumes from XUV300 this year. Brezza continues its success run and sold

Brezza continues its success run and sold over 14k units. Such kind of volumes with only Diesel option is unbelievable and only Maruti can do it!people are now considering ‘Kitni Safe Hai’ seriously. WRV is slowly being pushed down the table

WRV is slowly being pushed down the table and it recorded a de-growth of -42% YoY. Similar fate being experienced by the TUV300 too and the model is just not able to compete with its sibling XUV300.Diesel option is unbelievable and only Maruti can do it! With Hyundai launching the Venue in

With Hyundai launching the Venue in May’19; the competition is going to be even more intense and cut throat. We expect the overall segment to grow double digit this year and give the required volume boost to its respective OEMs.

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