The Indian automobile industry produced a total 9,315,809 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-July 2017 as against 8,599,803 in April- July 2016, registering a growth of 8.33 per cent over last year. The sale of Passenger Vehicles grew by 7.29 per cent during the period over the same period last year, said the latest report by Society of Indian Automobile Manufactures (SIAM).
“Sales of Passenger Cars, Utility Vehicle and Vans grew by 5.15 per cent, 14.98 per cent and 0.09 per cent respectively in April-July 2017 over the same period last year. The overall Commercial Vehicles segment declined by 3.67 per cent in the first four months of FY18 as compared to the same period last year. Medium and Heavy Commercial Vehicles sales declined by 22.94 per cent, however, Light Commercial Vehicles grew by 10.43 per cent in April-July 2017 over the same period last year. Three Wheelers sales declined by 21.33 per cent. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of 26.60 per cent, however, Goods Carrier grew by 2.98 per cent,” the report said.
Two Wheelers sales registered a growth at 9.24 per cent in April-July 2017 over April-July 2016. Within the Two Wheelers segment, Scooters and Motorcycles grew by 18.16 per cent and 6.58 per cent respectively, while Mopeds declined by 13.04 per cent.
In April-July 2017, overall automobile exports grew by 11.09 per cent. While Passenger Vehicles, Three Wheelers and Two Wheelers registered a growth of 11.98 per cent, 17.15 per cent and 12.29 per cent respectively, Commercial Vehicle exports declined by 34.42 per cent in April-July 2017 over the same period last year, it stated.