June 2019 Two Wheeler Sales – Snapshot

The auto industry downturn affected the two-wheeler OEMs too and overall Two-Wheeler sales reported a fall of -11.7% in June’19 v/s June’18.  Industry leader Hero Moto Corp reported a decline of 13% in total volumes with 6,00,380 units sold in June 2019. In comparison, the manufacturer sold 6,89,949 units in June 2018. HMSI is reeling even severely from the economic downturn and the second largest two-wheeler manufacturer saw a dip of 15.8% in its total sales in June 2019 over June 2018. HMSI sold 4,50,889 units in June 2019 as compared to total sales of 5,35,512 units in June 2018.

It was only Suzuki Motorcycles which showed a YoY growth of 29% in June 2019. Suzuki posted 22% YoY increase by registering 57,023 unit sales, as compared to 46,717 units dispatched during June 2018.





June’19 Market Share of OEMs –

Recession in Indian Passenger Car Industry

Recession is defined as negative economic growth for two consecutive quarters. Most unfortunately, Indian passenger car industry is now going through a prolonged recession. Such recession has had happened in past as well. All recessions were due to poor consumer sentiments, arising due to few common factors :

  • All were triggered by rise in global crude oil price (2008, 2011, 2013 & 2018) & subsequent retail fuel price hike
  • Mostly in General Election run-up phase (linked to incumbent Government’s Performance)
  • Economic (GDP) growth slowdown either due to global or internal financial shock

But in most situations, they were contained by government’s fiscal and/or central bank’s monetary action, except 2013 one, which got corrected post formation of new Government in 2014.  On a side note, if you look at the line graphs carefully, international crude oil price movement has some sort of inverse relation with India’s GDP growth rate.



This time, despite formation of new government, recession continued, with double digit drop in last three months, much higher than earlier, ever, pointing to far grave situation. Central Bank’s (RBI) monetary easing (reduction in Repo Rate) has not helped much either, as banks saddled with NPA, are passively reluctant to reduce interest rate.

Upcoming festive season was the only hope left for any revival in 2019. For now, hike in tax on petrol and diesel in the budget presented on 5th July 2019, has left the industry highly vulnerable to any global crude price shock, as crude oil price is still in volatile phase.

With slowing economy (GDP growth of 5.8% in latest quarter & unemployment rate at 6.1%, highest in last four decades), clubbed with credit squeeze due to NBFC financial troubles, green shoots looks far too distant in 2019.

And in 2020, post BS6 emission norm implementation (1st April 2020), prices of all cars will go up, thus no hope of double digit growth till 2021. Or is it statistically possible, due to low base effect of 2019?



2019 H1 Analysis

Worse H1 performance since 2013.

Manufacturer-wise Analysis

Some companies still have posted better growth figures than the industry average.

But that is squarely due to the new launches, post H1 2018. Exception is of course – Fiat, and we don’t know how Fiat did this miracle!

If we remove the volume of new launches, result would have been similar to that of other players.

Every product in the market has had taken a hit, with different level of severity. However, there are some products which bucked the trend, and most notable is Tata Nexon.





Body style

  • Sedan : Segment is in free fall
  • Hatchback : Largely in line with industry trend
  • MUV : New Generation Maruti Ertiga and Mahindra Marazzo has fueled the growth
  • SUV : Though SUV seems least vulnerable, but it is not true. If we ignore new launches (XUV 300, Venue &  Harrier), since H2 2018, segment would have slumped by 17%, even worse than hatchback

(The article is written by Rohan Rishi. You can connect with him at emailrohanrishi@gmail.com)

Indian Car Sales Figures – June 2019

Modelwise Car Sales Figures for June’19 –





Top 25 Selling Cars of June’19 –





Segment Wise Sales Data – 

1. Entry Hatchback Segment:

2. Compact Hatchback Segment:

3. Premium Hatchback Segment:





4. Compact Sedan Segment:

5. Executive Sedan Segment:

6. Premium Sedan Segment:

7. Luxury Sedan Segment:





8. Compact SUV Segment:

9. Mid-SUV Segment:

10. Premium SUV Segment:





11. Lifestyle Offroader Segment:

12. MUV Segment:

13. Van Segment:

Top 10 Selling Cars of June 2019



  • Maruti had 7 models in the Top 10 list and Hyundai had 3 models.
  • Some major reshuffling happened in the Top 10 – Grand i10 was ousted from the list and Hyundai’s Venue made entry. Also last month entrant Ertiga too couldn’t make to the Top 10 in June 2019.
  • Alto maintains its top slot and sold 18,733 units in June’19. Swift came second with sales of 16,330 units.
  • Both Baleno & Wagon-R sales have dwindled down – However; they fare at fourth & fifth position respectively.
  • Hyundai’s Venue makes a ‘Grand’ entry at No.9 and overtakes Creta in June 2019. Venue stood exactly below Brezza in the rankings table and beating Brezza volumes looks possible.
  • i20 was the best selling Hyundai for June! i20 has been consistently faring well for the Korean OEM and has been outperforming the cheaper sibling Grand i10 since a long time.