By APA Bureau:
The Indian auto wholesales grew 35.39 percent to 1,666,646 units in December compared to 1,221,969 units dispatched from factories across segments last year during the month, according to the recently-released report by Society of Indian Automobile Manufacturers (SIAM).
SIAM has also forecast a growth of nine percent for passenger vehicles, 13 percent for commercial vehicles, seven percent for three-wheelers and 12 percent for two-wheelers during the financial year 2018.
Passenger vehicle (PV) wholesales also grew 5.22 percent to 239,712 units as against 227,823 units in the same period a year ago. Utility vehicles (UV) wholesale surged 15.03 percent to 67,073 units in December compared to 58,308 units sent out of factories in the same month last year.
Passenger car (PC) wholesales fell 0.18 percent to 158,326 units in December compared to 158,617 units in the same month previous year. Van dispatches grew 31.34 percent at 14,313 units in December 2017 compared to 10,898 units dispatched in the same month a year ago.
The commercial vehicle segment grew 52.62 percent at 82,362 units as opposed to 53,966 units last with the goods carriers out-pacing passenger vehicles in both heavy and medium and light categories.
While the passenger vehicle in the medium and heavy category witnessed a decline of 20.42 percent to 2,834 units as compared to last year’s 3,561, the segment in the light vehicle category posted a minor growth of 2.29 percent with 3,216 units as against 3,144 last year.
Goods carrier in the medium and heavy category and light vehicle category grew 90.38 percent and 41.64 percent, respectively. In the medium and heavy category, the sale of goods carriers reached 36,605 units against last year’s 19,227 units and in light category it touched 39,707 units vis-à-vis last year’s 28,034 units.
Scooter took the lead in the two-wheeler segment with a strong growth of 52.05 percent at 432,429 units in December this year over 284,405 units in the same month the previous year. Motorcycle wholesales grew 40.31 percent to 788,156 units in December this year over 561,710 units in the like month previous year.
While Moped’s wholesales grew marginally by 4.44 percent to 67,007 units over 64,161 units in the previous year same month. Three-wheeler wholesale surged 90.54 percent to 56980 units in December this year compared to 29904 units in the same period a year ago.
The sale of passenger vehicles grew by 8.13 percent in April-December 2017 over the same period last year. Within the passenger vehicles, passenger cars, utility vehicles and vans grew by 4.19 percent, 19.43 percent and 6.86 percent respectively, in April-December 2017 over the same period last year.
The overall commercial vehicle segment grew by 15.19 percent in April-December 2017 as compared to the same period last year. Medium and heavy commercial vehicles (M&HCVs) increased by 9.27 percent and light commercial vehicles grew by 19.29 percent in April-December 2017 over the same period last year.
Three-wheeler sales grew 7.89 percent in April-December 2017 over the same period last year. Within the three-wheelers, passenger carrier and goods carrier sales registered a growth of 8.25 percent and 6.39 percent, respectively in April-December 2017 over April-December 2016.
Two-wheeler sales registered a growth of 11.76 percent in April-December 2017 over the same period last year. Within the two-wheelers segment, scooters and motorcycles grew by 18.52 percent and 9.77 percent respectively, while mopeds declined by 6.15 percent in April-December 2017 over April-December 2016.
In April-December 2017, overall automobile exports increased by 13.01 percent. Two and three-wheeler segments registered a growth of 17.75 percent and 30.27 percent, respectively, while passenger vehicles and commercial vehicles declined by 3.40 percent and 18.10 percent, respectively in April-December 2017 over the same period last year.