June 2024 Indian Car Sales

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June 2024 Indian Car Sales

Top 10 Selling Cars: June 2024



Manufacturers' Market Share: June 2024



Citroën June 2024 Indian Car Sales



Honda June 2024 Indian Car Sales



Hyundai June 2024 Indian Car Sales



Jeep June 2024 Indian Car Sales



Kia June 2024 Indian Car Sales



Mahindra June 2024 Indian Car Sales



Maruti Suzuki June 2024 Indian Car Sales



Morris Garages June 2024 Indian Car Sales



Nissan June 2024 Indian Car Sales



Renault June 2024 Indian Car Sales



Skoda June 2024 Indian Car Sales



Tata Motors June 2024 Indian Car Sales



Toyota June 2024 Indian Car Sales


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Volkswagen June 2024 Indian Car Sales



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FADA Vehicle Retail Data: June 2024





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Press Release:

5th July’24, New Delhi, INDIA: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for June'24.

June’24 Retails

FADA President Mr. Manish Raj Singhania provided insights on June 2024's auto retail performance, stating, “June is traditionally one of the weakest months for India’s auto retail. This year, while the monsoon progressed normally up to Maharashtra, it lost momentum, delaying rains in West Bengal, Bihar, Uttar Pradesh, Chhattisgarh, and Madhya Pradesh. This exacerbated the effects of a severe heatwave in northwest India, contributing to a prolonged hiatus that not only intensified the heatwave but also delayed the sowing operations of kharif (summer sown) crops in northern and north-western regions, thereby impacting rural sales.

As a result, India’s automobile retail experienced a modest YoY growth of just 0.73%. While the twowheeler (2W) and three-wheeler (3W) segments registered positive YoY growths of 4.66% and 5.1% respectively, other categories such as passenger vehicles (PV), tractors (Trac) and commercial vehicles (CV) saw declines of 6.7%, 28.3%, and 4.7% YoY, respectively.

The two-wheeler category faced significant challenges, with a MoM sales decline of 10.36%, despite a 4.66% YoY increase. Factors such as extreme heat which resulted in 13% less walk-in’s, stalled monsoons and election-related market slowdowns particularly affected rural sales, which fell from 59.8% in May to 58.6% in June.

Passenger vehicle sales experienced a notable decline, falling by 6.77% YoY and 7.18% MoM. Inventory levels have reached an all-time high, ranging from 62 to 67 days. Despite improved product availability and substantial discounts aimed at stimulating demand, market sentiment remains subdued due to extreme heat resulting in 15% less walk-in’s and delayed monsoons. Dealer feedback highlights challenges such as low customer inquiries and postponed purchase decisions. With the festive season still some time away, it is crucial for passenger vehicle OEMs to exercise caution. Effective inventory management strategies are essential to mitigate financial strain from high interest costs. FADA strongly urges PV OEMs to implement prudent inventory control and engage proactively with the market.

The commercial vehicle category also experienced a downturn, with sales decreasing by 4.74% YoY and 12.42% MoM. June presented various challenges, including delayed monsoons, poor market sentiment and postponed purchases due to low demand and funding delays. The industry continues to face degrowth, impacted by high temperatures affecting the agricultural sector and infrastructural project slowdowns.”

Near-Term Outlook

As we move into July 2024, the southwest monsoon has covered the entire country ahead of schedule, boosting prospects for kharif sowing. The newly elected government’s increase in minimum support prices (MSPs) for kharif crops is expected to improve disposable incomes in rural India, potentially enhancing auto retail performance. However, dealer feedback across the two-wheeler, passenger vehicle and commercial vehicle segments presents a cautious picture. While dealers anticipate better sales due to improved supply and new product launches, they express concerns over low customer inquiries and market sentiment dampened by heavy rains.

For two-wheelers, the arrival of the monsoon is expected to provide a boost, although challenges such as agricultural cash flow constraints and regional market variations remain. In the passenger vehicle segment, high inventory levels and ongoing low market sentiment necessitate cautious management. Meanwhile, the commercial vehicle sector looks forward to potential growth driven by renewed infrastructure projects and seasonal demands, despite current slowdowns. Based on current market conditions, the overall rating for July auto retail performance is cautiously optimistic with a moderate outlook. While some segments may see improved activity, overall growth is likely to be tempered by persistent challenges.

Key Findings from our Online Members Survey

§ Liquidity
o Neutral 46.37%
o Bad 27.82%
o Good 25.81%

§ Sentiment
o Neutral 49.60%
o Bad 26.21%
o Good 24.19%

§ Expectation from July’24
o De-growth 41.53%
o Growth 35.89%
o Flat 22.58%

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SIAM Sales Summary Report: June 2024































































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Press Release:

Monthly Performance: June 2024

Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in June 2024 was 23,36,255 units

Domestic Sales:

• Passenger Vehicles sales were 3,37,757 units in June 2024.
• Three-wheeler sales were 59,544 units in June 2024
• Two-wheeler sales were 16,14,154 units in June 2024.

Performance: April-June 2024

Production: The total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers, and Quadricycle in April-June 2024 was 75,48,668 units

Domestic Sales:

• Passenger Vehicles sales were 10,26,006 units in April-June 2024.
• Commercial Vehicles sales were 2,24,209 units in April-June 2024.
• Three-wheeler sales were 1,65,081 units in April-June 2024.

Two-wheeler sales were 49,85,631 units in April-June 2024. 3 BMW, Mercedes, JLR & Volvo Auto data are not available 4 Daimler, JBM Auto & Scania data are not available

Commenting on sales data of Q1 for 2024-25, Mr Vinod Aggarwal, President, SIAM said, “All segments viz., Passenger Vehicle, Commercial Vehicle, Three-Wheeler and Two-Wheelers posted growth in Q1 of 2024-25 over the Q1 of last year. While Passenger Vehicles and Commercial Vehicles have witnessed moderate growth, the Two Wheelers and Three Wheelers have posted very handsome growth in double digits. Within Two-Wheelers, Scooters have posted even higher growth based on some green shoots of recovery in entry level two-wheelers. With positive outlook on monsoon and coming festive season, the Automotive Sector is poised to perform better in the balance part of the year.”

Commenting on the Q1 2024-25 performance, Mr Rajesh Menon, Director General, SIAM said, Sales of Passenger Vehicles in Q1 of 2024 has been the highest ever of Q1 and also crossed 1 million units in Q1 for the first time, with a growth of 3%, compared to the previous year. Sales of Three-Wheelers in Q1 of 2024-25 grew by 14.2% compared to last year, with 1.65 Lakh units, which is again the highest ever in Q1. Two-Wheelers also posted a growth of 20.4% in this Quarter, compared to last year, with sales of 4.99 million units while Commercial Vehicles posted growth of 3.5% in Q1, compared to last financial year, with sales of 2.24 Lakh units.”

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FADA Auto Retail Sales: Q1 FY 2024-25

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Press Release:

On releasing Q1 figures, FADA President Mr Manish Raj Singhania said: "The Indian Auto Retail sector has demonstrated a commendable performance in Q1 of FY25, achieving a substantial overall growth of 9.40% YoY. This positive momentum was primarily driven by robust gains in the 2/3W segments. Two-Wheelers (2W) led the charge with an impressive 12.56% YoY increase, followed by Three-Wheelers (3W) with an 11.36% rise, Passenger Vehicles (PV) with a 2.53% growth and Commercial Vehicles (CV) growing by mere 0.7%. However, the Tractor (Trac) segment faced a decline of 12.44%.

This year, the monsoon's advancement up to Maharashtra was on track, but it lost momentum thereafter, delaying rains in key states such as West Bengal, Bihar, Uttar Pradesh, Chhattisgarh and Madhya Pradesh. This situation exacerbated the severe heatwave in northwest India, leading to a prolonged dry spell. The intensified heatwave not only delayed the sowing operations of kharif crops in northern and north-western regions but also adversely impacted rural sales.

The recovery in the 2W segment is promising, largely due to the emerging performance in rural areas, although these are early trends. The segment also faced significant challenges from extreme heat and the election period, resulting in a 13% reduction in walk-ins during May and June. Conversely, the 3W segment continues to perform well, driven by notable electrification.

CV experienced a slowdown due to the electoral period and a pause in infrastructure projects. In April, elections dampened sentiment, causing delays in expansion plans. Additionally, limited financing options and regional challenges, such as water scarcity, further impacted performance.

PV already at an all-time high, is facing difficulties in maintaining high growth levels. We had anticipated that growth for this fiscal year would remain below 5%. Despite strong bookings and customer flow, high competition, excess supply and discounting presented challenges for sustained growth. Dealers reported significant impacts from elections, extreme heat and market liquidity issues. The extreme heat led to an 18% drop in showroom walk-ins in May, with inventory levels reaching an all-time high of 62 to 67 days by the end of June. Despite improved product availability and substantial discounts aimed at stimulating demand, market sentiment remains subdued due to the extreme heat and delayed monsoons, resulting in 15% fewer walk-ins.

At the end of Q1, the PV segment has shown resilience but continues to face headwinds from environmental and market challenges.

FADA remains committed to advocating for prudent inventory control, improved financing options and strategic planning to ensure the auto retail sector's resilience and sustained growth. Our focus is on elevating the customer experience and revitalizing dealer synergy as we continue to transform the future of auto retail in India.

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