India Car Sales Show Marginal Improvement

11/12/2007, New Delhi, India -- The figures for April-November 2007 over April-November 2006 indicate that India domestic sales of automobiles decelerated with a negative growth rate of 4.34 percent.

The cumulative growth of the Passenger Vehicles segment during April-November 2007 was 13.93 percent. Passenger Cars grew by 13.78 percent, Multi Purpose Vehicles by 19.35 percent and Utility Vehicles by 12.61 percent in April-November 2007 compared to the same period last year.

In April-November 2007, the Commercial Vehicles segment grew by 3.87 percent over the same period in 2006. Light Commercial Vehicles recorded a growth of 14.76 percent; however, Medium & Heavy Commercial Vehicles witnessed a fall by 3.78 percent. Bus segment registered a growth of 35.38 percent while truck segment registered a marginal decline of 0.17 percent. This is mainly because of fall witnessed by Medium & Heavy trucks segment by 9.71 percent in this period.

Three Wheelers sales fell by 6.82 percent with sales of Goods Carriers decreasing by 16.91 percent. Passenger Carriers grew marginally at 0.46 percent during the period.

Two Wheeler sales registered a negative growth of 7.64 percent during April-November 2007 over April-November 2006. Though Mopeds and Scooters grew by 21.35 percent and 16.78 percent respectively, Motorcycles and Electric Two Wheelers registered a negative growth rate of 12.34 percent and 35.58 percent respectively.

Exports

Automobile Exports grew by 17.39 percent during April-November 2007 over the same period last year.

Exports were led by Two Wheelers which grew by 24.34 percent, followed by Commercial Vehicles exports at 16.02 percent, Three Wheelers exports at 4.35 percent and Passenger Vehicles exports at 3.70 percent.

Source: SIAM

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