Auto Industry Continues in Growth Path despite Kerala Floods and Sales Restrictions in West Bengal

Shalini | Myequity news | Date : 11-09-2018 18:10:00 IST

Society of Indian Automobile Manufacturers(SIAM) reported production and Sales figures for the period April-August 2018, production and Sales grew at health pace despite floods in Kerala.

Production

The industry produced a total 13,701,825 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-August 2018 as against 11,962,983 in April-August 2017, registering a growth of 14.54 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles grew by 9.81 percent in April-August 2018 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans grew by 9.71 percent, 8.67 percent and 16.05 percent respectively in April-August 2018 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 41.67 percent in April-August 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 54.92 percent and Light Commercial Vehicles grew by 34.41 percent in April-August 2018 over the same period last year.

Three Wheelers sales increased by 44.27 percent in April-August 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 51.74 percent and Goods Carrier grew by 17.85 percent in April-August 2018 over April-August 2017.

Two Wheelers sales registered a growth at 11.50 percent in April-August 2018 over April-August 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 6.77 percent, 14.67 percent and 2.84 percent respectively in April-August 2018 over April-August 2017.

Exports

In April-August 2018, overall automobile exports grew by 26.96 percent. While Passenger Vehicles exports declined by (-) 3.45 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 35.64 percent, 67.57 percent and 28.18 percent respectively in April-August 2018 over the same period last year.

Source: SIAM


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