India's Automobile Industry Fails to Recover

New Delhi, India, 08/02/2008 -- The figures for April-January 2008 over April-January 2007 indicate that domestic sales of automobiles decelerated with a negative growth rate of (-) 4.82 percent.

The cumulative growth of the Passenger Vehicles segment during April-January 2008 was 12.79 percent. Passenger Cars grew by 12.75 percent, Multi Purpose Vehicles by 23.60 percent and Utility Vehicles by 8.95 percent in April-January 2008 compared to the same period last year.

In April- January 2008, the Commercial Vehicles segment grew by 2.98 percent over the same period in 2007. Light Commercial Vehicles recorded a growth of 13.84 percent; however, Medium & Heavy Commercial Vehicles witnessed a fall by 4.55 percent.

Three Wheelers sales fell by 8.54 percent with sales of Goods Carriers decreasing by 19.34 percent. Passenger Carriers also fell with a negative growth rate of 0.84 percent during the period.

Two Wheeler sales registered a negative growth of 8.04 percent during April-January 2008 over April-January 2007. Though Moped and Scooter segments grew by 18.23 percent and 14.68 percent respectively, Motorcycle and Electric Two Wheeler segments declined by 12.43 percent and 39.27 percent respectively.

Exports

Automobile Exports saw a growth rate at 18.15 percent during April- January 2008.

Exports of two wheelers segment grew by 27.07 percent, Commercial Vehicles exports grew by 17.88 percent and Passenger Vehicles exports at 4.89 percent in April-January 2008 over the same period last year. Three Wheelers exports declined by 2.23 percent during this period.

Source: SIAM

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