The Passenger Car Sales degrew -2.8% in Mar’19 v/s Mar’18. Due to muted demand and weak consumer sentiment; the Industry is under consistent pressure and last few months have been very challenging. All OEMs are now gearing up to meet the upcoming BS-6 regulations and CAFE (Corporate Average Fuel Economy) norms. The slowdown is expected to continue this Financial Year and Apr’19 – May’19 is going to be even more challenging citing the upcoming general elections.
Let’s see how the OEMs fared in Mar’19 –
- Apart from Mahindra, Honda & Toyota; all OEMs saw a YoY decline in the sales. The biggest decline was seen for Nissan+Datsun which registered the drop of -41% YoY!
- Maruti Suzuki reported a flat percent increase in its domestic sales at 1,18,515 units in Mar’19 v/s 1,18,842 cars sold in Mar’18.
- Nexa seems to be struggling while it reported a -6% degrowth in YoY sales. Even with the launch of New Baleno; Nexa wasn’t able to recover the volumes and post a positive growth.
- Hyundai degrew -8% in Mar’19 v/s the same period last year. Even post Santro launch; Hyundai hasn’t gained significant numbers.
How the Market Shares figures for Mar’19 –