Indian Automobile Industry’s Volume Under Pressure

10/10/2007, New Delhi, India -- Indian automobile industry’s volume is under pressure:

Domestic Sales

The half yearly figures (April-September 2007 over April-September 2006) indicate that domestic sales of automobiles decelerated with a negative growth rate of 5.91 percent.

The cumulative growth of the Passenger Vehicles segment during April-September 2007 was 12.86 percent. Passenger Cars grew by 13.16 percent, Multi Purpose Vehicles by 19.95 percent and Utility Vehicles by 8.71 percent in April-September 2007 compared to the same period last year.

In April-September 2007, the Commercial Vehicles segment grew by 2.92 percent over the same period in 2006. Light Commercial Vehicles recorded a growth of 14.75 percent; however, Medium & Heavy Commercial Vehicles witnessed a fall by 5.18 percent. Bus segment registered a growth of 41.39 percent while truck segment registered a decline by 2.25 percent.

Three Wheelers sales fell by 6.87 percent with sales of both Goods Carriers decreasing the highest, by 15.76 percent and Passenger Carriers by 0.57 percent during the period.

Two Wheeler sales registered a negative growth of 9.47 percent during April-September 2007 over April-September 2006. Though Mopeds and Scooters grew by 22.37 percent and 20.13 percent respectively, Motorcycles and Electric Two Wheelers registered a negative growth rate of 15.20 percent and 10.74 percent respectively.

Exports

Automobile Exports grew by 17.13 percent during April-September 2007 over the same period last year.

Exports were led by Two Wheelers which grew by 22.98 percent, followed by Commercial Vehicles exports at 16.53 percent and Three Wheelers exports at 11.59 percent. Passenger Vehicles Exports grew marginally with a growth rate of 1.48 percent.

Source: SIAM

Bookmark/Search this post with:

 •    •    •    •    •    •    •    •    •    •