Domestic sales of vehicles decline by 0.64 percent in April-May period of FY14: SIAM

11 Jun 2013 Evaluate

As per the Society of Indian Automobile Manufactures (SIAM), the domestic sales during April-May 2013 declined by 0.64 percent as compared to the same period last year.

On segment wise, the overall sales in Passenger Vehicles declined by 8.56 percent during April-May 2013 over the same period last year. Within the passenger vehicles, passenger cars and vans dropped by 11.33 percent and 10.88 percent respectively, while utility vehicles grew marginally by 4.08 percent in April-May 2013 compared to the same period last year.

The overall Commercial Vehicles segment recorded de-growth of 5.20 percent in April-May 2013 over same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at 12.11 percent and Light Commercial Vehicles also dropped by 1.36 percent.

Further, SIAM noted that Three Wheelers sales recorded growth of 1.47 percent in April-May 2013 as compared to the same period last year. Moreover, Passenger Carriers and Goods Carriers grew by 1.48 percent and 1.44 percent respectively in April-May 2013 over April-May 2012.

Referring to the Two Wheelers segment, Two Wheelers registered marginal growth of 1.04 percent in April-May 2013. Within the Two Wheelers mopeds and motorcycles declined by 11.45 percent and 1.38 percent respectively, while scooters grew by 13.88 percent in April-May 2013 over April-May 2012.

Auto industry also reported negative growth in production and exports. The industry produced 1,737,548 vehicles in May 2013 as against 1,811,515 in May 2012, a decline of 4.08 percent over same period last year. Overall automobile exports registered de-growth of 8.62 percent during April-May period of 2013. Two Wheelers and Commercial Vehicles exports dropped significantly by 16.50 percent and 19.62 percent in April-May 2013 over April-May 2012. However, Passenger Vehicles, and Three Wheelers exports grew by 7.37 percent and 26.53 percent respectively.

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