The month of February 2019 has been a dismal month for
automobile manufacturers, both four wheelers and two wheelers. According to the
latest sales data released by the Society of Indian Automobile Manufacturers
(SIAM), of the 18 passenger vehicle manufacturers on their list, as many as 13
recorded negative growth in domestic
List of passenger
vehicle companies that experienced negative
growth in domestic sales in February 2019:
SOLD IN FEB 2019 (Domestic)
minus (-) %
FCA India Automobiles
Hindustan Motor Fin Corp
Hyundai Motor India
Isuzu Motors India
Mahindra Electric Mobility
Nissan Motor India
Renault India Pvt Ltd
Skoda Auto India
A few companies have been able to buck the trend and
register positive domestic sales in the month of February 2019. Prominent among
them are Mahindra & Mahindra with 26106 units sold in the month and
recording a growth of 16.86pc, Honda Cars India recording sales of 13,527 units
with a growth of 16.11 pc and Maruti Suzuki, recording sales of 136,912 units
with a growth of 0.19pc.
Strange, but sadly true is the fact that though India has
been talking about electric mobility and e-mobility being the topic of
discussion at every other seminar, the sales of electric vehicles from the only
electric car manufacturer in the country, Mahindra Electric Mobility are
dismal. Mahindra has been manufacturing the Mahindra e2o for a very long time
now but according to the SIAM data, only 3 vehicles were sold in February 2019
and that too registered a negative growth of – (minus) 94.00pc.
Several two wheelers too witnessed negative growth in
domestic sales in the month of February 2019. Of the 13 two-wheeler manufacturers
on the SIAM list, around seven witnessed negative growth in domestic sales.
List of two wheeler companies that experienced negative growth in domestic sales in February 2019:
Harley-Davidson Company India
Honda Motorcycle & Scooter India
Mahindra Two wheelers
Piaggio Vehicles Pvt Ltd
Triumph Motorcycles India
UM Lohia Two wheelers
A few two wheeler companies have been able to buck the trend
and register positive domestic sales in the month of February 2019. Prominent
among them are Suzuki Motorcycle India with 57,173 units with a growth of
23.89pc, India Yamaha Motor with sales of 64,797 units and a growth of 6.39pc,
Bajaj Auto with 186,523 units and growth of 6.29pc, TVS Motor Company with
231,582 units and a growth of 0.53pc and India Kawasaki with sales of 309 units
with a growth of 51.47 units.
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