Automobile Industry Shows Positive Growth in All Segments
Turnaround Seen in M&HCVs Segment
Production
The industry produced a total 15,791,158 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2016 as against 14,284,913 in April-October 2015, registering a growth of 10.54 percent over the same period last year.
Domestic Sales
The sales of Passenger Vehicles grew by 11.02 percent in April-October 2016 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 4.34 percent, 36.86 percent and 5.62 percent respectively during April-October 2016 over the same period last year.
The overall Commercial Vehicles segment registered a growth of 6.92 percent in April-October 2016 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth of 1.30 percent and Light Commercial Vehicles grew by 11.20 percent during April-October 2016 over the same period last year.
Three Wheelers sales grew by 11.84 percent in April-October 2016 over the same period last year. Passenger and Goods Carrier sales grew by 10.52 percent and 18.17 percent respectively in April-October 2016 over April-October 2015.
Two Wheelers sales registered a growth at 16.01 percent during April-October 2016 over April-October 2015. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 23.67 percent, 11.77 percent and 27.60 percent respectively in April-October 2016 over April-October 2015.
Exports
In April-October 2016, overall automobile exports declined by (-) 9.27 percent. While Passenger Vehicles and Commercial Vehicles exports registered a growth of 15.16 percent and 12.31 percent, exports of Three Wheelers and Two Wheelers declined by (-) 36.24 percent and (-) 11.28 percent respectively in April-October 2016 over April-October 2015.
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SIAM::Automotive Industry Sales for the month of October 2016
SIAM::Automotive Industry Sales for the month of October 2016