Passenger Vehicles Sales Register Negative Growth due to Base Effect
12th October 2018, New Delhi
High Double Digit Growth in Commercial Vehicles
Production
The industry produced a total 16,646,445 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-September 2018 as against 14,690,347 in April-September 2017, registering a growth of 13.32 percent over the same period last year.
Domestic Sales
The sale of Passenger Vehicles grew by 6.88 percent in April-September 2018 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans grew by 6.80 percent, 5.42 percent and 14.51 percent respectively in April-September 2018 over the same period last year.
The overall Commercial Vehicles segment registered a growth of 37.82 percent in April-September 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 47.88 percent and Light Commercial Vehicles grew by 32.05 percent in April-September 2018 over the same period last year.
Three Wheelers sales increased by 36.50 percent in April-September 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 42.26 percent and Goods Carrier grew by 14.72 percent in April-September 2018 over April-September 2017.
Two Wheelers sales registered a growth at 10.07 percent in April-September 2018 over April-September 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 4.91 percent, 13.18 percent and 5.75 percent respectively in April-September 2018 over April-September 2017.
Exports
In April-September 2018, overall automobile exports grew by 24.34 percent. While Passenger Vehicles exports declined by (-) 2.96 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 30.68 percent, 62.00 percent and 26.31 percent respectively in April-September 2018 over the same period last year.
