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Auto Sector: Growth Moderating
Date: 30/08/2012

The cumulative production data for April-June 2012 shows production growth of 7.65 percent over same period last year when the growth recorded was 18.43 percent. The industry produced 1,700,675 vehicles in June 2012 as against 1,597,082 in June 2011.

 

The overall growth in domestic sales during April-June 2012 was 9.94 percent over same period last year. In April-June 2011 the growth rate was 15.14 percent. Passenger Vehicles segment grew at 9.71 percent during April-June 2012 over same period last year. Passenger Cars grew by 5.22 percent, Utility Vehicles grew by 50.85 percent and Vans grew by (-9.60) percent during April-June 2012 as compared to same period last year. The overall Commercial Vehicles segment registered growth of 6.06 percent in April-June 2012 as compared to the same period last year when the segment registered a growth rate of 14.10 percent. While Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at (-11.99) percent, Light Commercial Vehicles grew at 19.92 percent.

 

Three Wheelers sales recorded marginal growth at 0.83 percent in April-June 2012 against 4.92 percent during April-June 2011. Passenger Carriers grew by 5.66 percent during April-June 2012 and Goods Carriers registered de-growth at (-15.09) percent during this period. Two Wheelers registered a double digit growth of 10.51 percent during April-June 2012 against 16.89 percent during same period in 2011. Mopeds, Motorcycles and Scooters grew by 6.60 percent, 6.79 percent and 29.14 percent respectively in the period of April-June 2012.

 

During April-June 2012 overall automobile exports registered negative growth at (-1.22) percent. Passenger Vehicles, Commercial Vehicles & two wheelers grew by 14.00 percent, 7.98 percent and 2.63 percent respectively in April–June 2012. Three Wheelers recorded de-growth at (-40.73) percent.

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