Positive Growth in Auto Industry continues:
Some sector display moderated growth
The overall production data for April-August 2010 shows production growth of 32.38 percent over same period last year with industry producing 7,063,063 vehicles.
Passenger Vehicles segment in April-August 2010 grew at 33.88 percent over same period last year. Passenger Cars grew by 34.32 percent, Utility Vehicles grew by 22.56 percent and Multi Purpose Vehicles grew by 50.68 percent in April-August 2010 over same period last year.
The overall domestic sale of Commercial Vehicles segment registered growth of 44.75 percent in April-August 2010 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered growth at 65.91 percent and Light Commercial Vehicles grew at 29.68 percent.
During April-August 2010, Three Wheelers sales recorded a growth rate of 20.15 percent. While Passenger Carriers grew by 23.84 percent and Goods Carriers grew at 5.46 percent in this period.
Two Wheelers registered a growth rate of 27.22 percent in April-August 2010. Scooters, Mopeds and Motorcycles grew by 44.45 percent, 24.18 percent and 24.41 percent respectively.
In April-August 2010, overall automobile exports registered a growth rate of 48.42 percent.
Passenger Vehicles, Two Wheelers, Commercial Vehicles and Three Wheelers segments grew by 5.07 percent, 56.71 percent, 91.51 percent and 114.86 percent respectively in April-August 2010 over April-August 2009.