Indian Auto sector is going through a long-term structural slowdown

[letsrock]

A Bangladeshi posted about India. Why would I compare it with China or USA. I don't understand why you can't mind your business. I didn't quote you. Don't be a muppet, telling me to go to Indian websites. You are nobody to say so. Now move on pest.

we ALL share the forum you MORON - you quote one we all can read it and respond to it. Exactly how dumb are you ? the moment i think of you as this level you surprise me going down one more.

 

[Anik101]

Automobile industry will rebound thanks to vehicle scrapping policy introduced by the government.
Commercial vehicle older than 15 years and personal vehicles older than 20 years will be scrapped if they don't meet the emission standards.
https://www.businesstoday.in/curren...its-from-automakers-gadkari/story/430534.html

 

[Bilal9]

Some Indian trolls got a bit inflamed after I pointed out a story (which was published in Indian media itself).

It is a sad commentary that some Indian trolls (often semi-educated with a minimal command of English) will try to twist the intent of my posts.

Contrary to Bhakt belief, Bharat is too large and diverse to be "Mahaan" all the time. This is an incontrovertible fact.

Calling me names like "Billi" and trying to find holes in my logic will not change that. Neither will comparing Indian cars to cars sold in Bangladesh.

I was honestly trying to explain to this troll repeatedly that Bangladeshis who end up buying cars pay 300-800% tax on their purchases.

Maruti 800's and Hyundai i10's (or any similar size car made in India) are probably not on their radar with that rate of taxation. A lot of them decide to buy reconditioned ex-Japanese market vehicles. Currently Toyota Premio (JDM version about three years old) is very popular. These exports are helped by JDM government planned obsolescence policy.

Someday Bangladesh govt. will reduce the taxation on new personal vehicle purchases - little chance of that anytime soon however.

The world just went through an epoch making pandemic, India included - if anyone noticed.

Car Market (buying cars) in India was probably the last thing on anyone's mind.

I hope for the best of safety, health, shifa'a and hikma to everyone and their families in India (even to our troll, whom I have "ignored") - and hope that the auto market in India will rebound soon enough.

@letsrock and @PakistaniAtBahrain brothers I appreciate you guys sticking up for me.

 

[F-6 enthusiast]

Some Indian trolls got a bit inflamed after I pointed out a story (which was published in Indian media itself).

It is a sad commentary that some Indian trolls (often semi-educated with a minimal command of English) will try to twist the intent of my posts.

Contrary to Bhakt belief, Bharat is too large and diverse to be "Mahaan" all the time. This is an incontrovertible fact.

Calling me names like "Billi" and trying to find holes in my logic will not change that. Neither will comparing Indian cars to cars sold in Bangladesh.

I was honestly trying to explain to this troll repeatedly that Bangladeshis who end up buying cars pay 300-800% tax on their purchases.

Maruti 800's and Hyundai i10's (or any similar size car made in India) are probably not on their radar with that rate of taxation. A lot of them decide to buy reconditioned ex-Japanese market vehicles. Currently Toyota Premio (JDM version about three years old) is very popular. These exports are helped by JDM government planned obsolescence policy.

Someday Bangladesh govt. will reduce the taxation on new personal vehicle purchases - little chance of that anytime soon however.

The world just went through an epoch making pandemic, India included - if anyone noticed.

Car Market (buying cars) in India was probably the last thing on anyone's mind.

I hope for the best of safety, health, shifa'a and hikma to everyone and their families in India (even to our troll, whom I have "ignored") - and hope that the auto market in India will rebound soon enough.

@letsrock and @PakistaniAtBahrain brothers I appreciate you guys sticking up for me.

the troll you were arguing with , claimed that india would get 15% growth this year ! lol

 

[Bilal9]

By the way - more on topic, I found it interesting that MG became the third fastest growing OEM auto brand in India in Q1 2021 (60+% growth) for some reason (incentives? Styling?).

I guess most Indians don't know that MG is a Chinese brand nowadays.

The growth in sales is unsurprising and can be accounted to pent-up demand.

THIS(FY2021) V/S LY (FY2020) GROWTH IN VOLUMES AND PERCENTAGE

• Kia has the highest growth. with almost doubling its volume.
• Next comes Tata motors at close to 70%
• Followed by MG at rank 3 in terms of growth with 62%

FINANCIAL YEAR 2020-2021: Detailed OEM Wise Sales Analysis

The Indian Passenger Vehicle Industry went through one of the toughest times in FY2021. The month of April 2020 recorded zero wholesale for the first time in the history of the auto industry and the incessant lockdowns across the country put a dent on the economy and job losses made it...

www.autopunditz.com

the troll you were arguing with , claimed that india would get 15% growth this year ! lol

I don't argue with the guy bhai, I had him "ignored" for years. Arguing with these andh-bhakts is pointless.

Modi continues to ruin Indian economy and they are dancing, clapping and cheering on the sidelines...

By the way - I think Indians should be happy if they get 5% growth in 2021...

 

[Protest_again]

By the way - more on topic, I found it interesting that MG became the third fastest growing OEM auto brand in India in Q1 2021 (60+% growth) for some reason (incentives? Styling?).

I guess most Indians don't know that MG is a Chinese brand nowadays.

The growth in sales is unsurprising and can be accounted to pent-up demand.

THIS(FY2021) V/S LY (FY2020) GROWTH IN VOLUMES AND PERCENTAGE

• Kia has the highest growth. with almost doubling its volume.
• Next comes Tata motors at close to 70%
• Followed by MG at rank 3 in terms of growth with 62%

FINANCIAL YEAR 2020-2021: Detailed OEM Wise Sales Analysis

The Indian Passenger Vehicle Industry went through one of the toughest times in FY2021. The month of April 2020 recorded zero wholesale for the first time in the history of the auto industry and the incessant lockdowns across the country put a dent on the economy and job losses made it...

www.autopunditz.com

I don't argue with the guy bhai, I had him "ignored" for years. Arguing with these andh-bhakts is pointless.

Modi continues to ruin Indian economy and they are dancing, clapping and cheering on the sidelines...

By the way - I think Indians should be happy if they get 5% growth in 2021...

Lol. India had a negative growth of -3% in total sales after it imposed a complete lockdown for 3 months. Of course, Bilal wants us to believe it is a longterm structural slowdown.

How about Bangladesh selling 3000 new cars a year? Bangladesh auto sector must be booming. Lol.

India will still grow by 10%, you just watch.

 

[Protest_again]

Some Indian trolls got a bit inflamed after I pointed out a story (which was published in Indian media itself).

It is a sad commentary that some Indian trolls (often semi-educated with a minimal command of English) will try to twist the intent of my posts.

Contrary to Bhakt belief, Bharat is too large and diverse to be "Mahaan" all the time. This is an incontrovertible fact.

Calling me names like "Billi" and trying to find holes in my logic will not change that. Neither will comparing Indian cars to cars sold in Bangladesh.

I was honestly trying to explain to this troll repeatedly that Bangladeshis who end up buying cars pay 300-800% tax on their purchases.

Maruti 800's and Hyundai i10's (or any similar size car made in India) are probably not on their radar with that rate of taxation. A lot of them decide to buy reconditioned ex-Japanese market vehicles. Currently Toyota Premio (JDM version about three years old) is very popular. These exports are helped by JDM government planned obsolescence policy.

Someday Bangladesh govt. will reduce the taxation on new personal vehicle purchases - little chance of that anytime soon however.

The world just went through an epoch making pandemic, India included - if anyone noticed.

Car Market (buying cars) in India was probably the last thing on anyone's mind.

I hope for the best of safety, health, shifa'a and hikma to everyone and their families in India (even to our troll, whom I have "ignored") - and hope that the auto market in India will rebound soon enough.

@letsrock and @PakistaniAtBahrain brothers I appreciate you guys sticking up for me.

Lol. How about smart phone sales? Are they taxed too? Bangladesh sells less than 7 million a year. India last year sold 150 million (less than 1% degrowth from previous year). Apple iPhone sales in India are about 5 million. India luxury car market is about 50000 units twice your whole auto sector sales. Have some shame and worry about your slum.

 

[letsrock]

Lol. India had a negative growth of -3% in total sales after it imposed a complete lockdown for 3 months. Of course, Billi wants us to believe it is a longterm structural slowdown.

How about Bangladesh selling 3000 new cars a year? Bangladesh auto sector must be booming. Lol.

India will still grow by 10%, you just watch.

Category	2014-15	2015-16	2016-17	2017-18	2018-19	2019-20
Passenger Vehicles	2,601,236	2,789,208	3,047,582	3,288,581	3,377,389	2,773,575
Commercial Vehicles	614,948	685,704	714,082	856,916	10,07,311	717,688
Three Wheelers	532,626	538,208	511,879	635,698	7,01,005	636,569
Two Wheelers	15,975,561	16,455,851	17,589,738	20,200,117	21,179,847	17,417,616
Quadricycle#		0	0	0	627	942
Grand Total	19,724,371	20,468,971	21,863,281	24,981,312	26,266,179	21,546,390

#Only Aug 18 -March 2019 data is available for 2018-19

India car sales barely changed from 2014.

 

[Protest_again]

Category	2014-15	2015-16	2016-17	2017-18	2018-19	2019-20
Passenger Vehicles	2,601,236	2,789,208	3,047,582	3,288,581	3,377,389	2,773,575
Commercial Vehicles	614,948	685,704	714,082	856,916	10,07,311	717,688
Three Wheelers	532,626	538,208	511,879	635,698	7,01,005	636,569
Two Wheelers	15,975,561	16,455,851	17,589,738	20,200,117	21,179,847	17,417,616
Quadricycle#		0	0	0	627	942
Grand Total	19,724,371	20,468,971	21,863,281	24,981,312	26,266,179	21,546,390

#Only Aug 18 -March 2019 data is available for 2018-19

India car sales barely changed from 2014.

Yes. That's not for Bangladeshi to gloat about. Indians are still buying close to 3 million a year.

How about you post similar statistics for both Pakistan and Bangladesh?

 

[letsrock]

Also indian Commercial Vehicles

Yes. That's not for Bangladeshi to gloat about. Indians are still buying close to 3 million a year.

How about you post similar statistics for both Pakistan and Bangladesh?

it doesnt matter he is a bangladeshi. this is internet - come on.

 

[Bilal9]

We are discussing the contraction of Indian car market as well as the economy. Can we ask this troll to needlessly muckrake and bring in Bangladesh (off topic post). I will report it to the mods if this troll keeps on his attempts to hijack the thread...

The Central Statistics Office (CSO) in India, which released the data, projected 8% GDP contraction in FY21, implying a contraction of 1.1% in March quarter.

Meanwhile, the Reserve Bank of India (RBI) projected a 7.5% contraction for FY21.

Knowledgeable circles in India are saying that there will be double digit contraction in FY22.

So - the question among non-Indians is, where does this bhakt narrative of 10% or 15% growth come from??

Indian economy contracts by record 7.3% in 2020-21

About 230 million Indians fell into poverty due to the pandemic last year

www.dhakatribune.com

DBS predicts quarter-on-quarter contraction for April-June period in Covid-hit India

----------------------------------------------------------------------------------------------------------------------------
The Indian automotive industry is making a slow recovery from the two-month COVID-19 lockdown

The Society of Indian Automobile Manufacturers (SIAM) estimates an overall sales decline in the range of 26-45% by the end of FY2021, due to the ongoing COVID-19 crisis.

The Indian automotive industry still suffers from depleting investments and weaker economic situations although sales charts are making a gradual recovery from the effects of lockdown.

Rajan Wadhera, President of SIAM, states that the country’s automotive scenario is witnessing considerable skepticism due to the outbreak. The number of COVID-19 positive cases are rising at or near manufacturing plants. Tractor and other agricultural machines face a held-up demand due to bumper crop (unusually productive) harvests and other remunerations.

On the other hand, the pandemic has disrupted existing supply lines and logistics. The moment when COVID-19 began to peak in its source country, Indian OEMs that depend on Chinese suppliers had notified an increase in waiting periods. Q1 FY2021 Sales Figures 4 wheeler sales Q1 FY 2021 In the first quarter of FY2021, the Indian automotive market sold only 153,734 units compared to 712,684 in the previous fiscal. This is a massive slump of 78%.

If we divide the sales into major categories, one can understand that OEMs are facing the worst business conditions in recent automotive history. Q1 FY2021 saw passenger cars achieving only 80,051 units (down by 82%) compared to 447,518 units back in FY2020. Utility vehicles (in passenger and commercial categories) hit 68,025 units as against 224,223 units in Q1 FY2020. Vans faced the steepest fall (86%) after returning 5,658 units in sales in the first quarter, in comparison to 712,684 units in the same period, a year ago.

Copyright (C) 'RUSH LANE' Read more at... https://www.rushlane.com/automotive-sales-decline-fy2021-due-to-covid-19-12367831.html .

 

[colonel rajesh]

lagta hai halat sangeen hai

 

[Protest_again]

We are discussing the contraction of Indian car market as well as the economy. Can we ask this troll to needlessly muckrake and bring in Bangladesh (off topic post). I will report it to the mods if this troll keeps on his attempts to hijack the thread...

The Central Statistics Office (CSO) in India, which released the data, projected 8% GDP contraction in FY21, implying a contraction of 1.1% in March quarter.

Meanwhile, the Reserve Bank of India (RBI) projected a 7.5% contraction for FY21.

Knowledgeable circles in India are saying that there will be double digit contractions in FY22.

So - the question among non-Indians is, where does this bhakt narrative of 10% or 15% growth come from??

Indian economy contracts by record 7.3% in 2020-21

About 230 million Indians fell into poverty due to the pandemic last year

www.dhakatribune.com

DBS predicts quarter-on-quarter contraction for April-June period in Covid-hit India

----------------------------------------------------------------------------------------------------------------------------
The Indian automotive industry is making a slow recovery from the two-month COVID-19 lockdown

The Society of Indian Automobile Manufacturers (SIAM) estimates an overall sales decline in the range of 26-45% by the end of FY2021, due to the ongoing COVID-19 crisis.

The Indian automotive industry still suffers from depleting investments and weaker economic situations although sales charts are making a gradual recovery from the effects of lockdown.

Rajan Wadhera, President of SIAM, states that the country’s automotive scenario is witnessing considerable skepticism due to the outbreak. The number of COVID-19 positive cases are rising at or near manufacturing plants. Tractor and other agricultural machines face a held-up demand due to bumper crop (unusually productive) harvests and other remunerations.

On the other hand, the pandemic has disrupted existing supply lines and logistics. The moment when COVID-19 began to peak in its source country, Indian OEMs that depend on Chinese suppliers had notified an increase in waiting periods. Q1 FY2021 Sales Figures 4 wheeler sales Q1 FY 2021 In the first quarter of FY2021, the Indian automotive market sold only 153,734 units compared to 712,684 in the previous fiscal. This is a massive slump of 78%.

If we divide the sales into major categories, one can understand that OEMs are facing the worst business conditions in recent automotive history. Q1 FY2021 saw passenger cars achieving only 80,051 units (down by 82%) compared to 447,518 units back in FY2020. Utility vehicles (in passenger and commercial categories) hit 68,025 units as against 224,223 units in Q1 FY2020. Vans faced the steepest fall (86%) after returning 5,658 units in sales in the first quarter, in comparison to 712,684 units in the same period, a year ago.

Copyright (C) 'RUSH LANE' Read more at... https://www.rushlane.com/automotive-sales-decline-fy2021-due-to-covid-19-12367831.html .

Lol. Check with the IMF for the numbers on Indian economy for fy2022. Double digit contraction? Who are these knowledgeable economists? haha.

And why quote a July 2020 article, when we you yourself has posted full year figures with less than 3% de-growth for the full year. Sometimes it is better to take your head out of your a$$.

 

[letsrock]

Lol. Check with the IMF for the numbers on Indian economy for fy2022. Double digit contraction? Who are these knowledgeable economists? haha.

And why quote a July 2020 article, when we you yourself has posted full year figures with less than 3% de-growth for the full year. Sometimes it is better to take your head out of your a$$.

Between 2015-21 Indian govt claims an average growth rate of 5-8 Percent except last year where it is minus 7.5 percent. So that means india added atleast $500 billion dollar in last 6 years as per GoI. Also indian population grows by about 1.5 crore a year. So there is a population increase of 9 crore in last 6 years.

How come 9 crore more people and atleast $500 billion more GDP and car sales remain roughly same? As @Bilal9 is saying is there a structural problem in indian auto industry ?

 

[Bilal9]

Between 2015-21 Indian govt claims an average growth rate of 5-8 Percent except last year where it is minus 7.5 percent. So that means India added at least $500 billion dollar in last 6 years as per GOI. Also Indian population grows by about 1.5 crore a year. So there is a population increase of 9 crore in last 6 years.

How come 9 crore more people and at least $500 billion more GDP and car sales remain roughly same? As @Bilal9 is saying is there a structural problem in Indian auto industry ?

What may be beyond our purview is the auto consumption pattern in India, Indians may be planning to keep cars for a decade at least, maybe fifteen years. Some Indians are a rather thrifty bunch, and having low rates of auto mechanics in India, fixing autos in India is super easy unlike other countries. Vehicle fitness is also rather laxly enforced. That would cause a slump due to lowered consumption.

This pours cold water over "super rich economy" theory - even beyond the "white slaves" theory.

But knowing Modi govt., chief culprit is fudged figures for re-election propaganda purposes.

Some folks in India are famously gullible about whatever their media feeds them. In India, you have an IT cell which controls Indian media and social media, you have 100% control over re-election.