Car sales declined; "Challenging Times" says SIAM
Car sales in India is declining by the day and its the second successive month the sales have dropped by 8.15 percent in November according a report released by industry body, SIAM.
Automotive industry has produced a total 1,773,678 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in November 2013 as against 1,644,723 in November 2012, registering a growth of 7.84 percent over the same month last year. The growth continues to be on account of growth in two wheelers production.
The overall domestic sales during April-November 2013 grew marginally by 2.73 percent over the same period last year. Again this is because of growth in two wheelers sales.
The sales of Passenger Vehicles declined by (-) 5.34 percent during April-November 2013 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans dropped by (-) 4.97 percent, (-) 3.62 percent and (-) 12.23 percent respectively during April-November 2013 compared to the same period last year.
The overall Commercial Vehicles segment registered a de-growth of (-) 17.51 percent in April-November 2013 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at (-) 26.81 percent and Light Commercial Vehicles also dropped by (-) 12.52 percent.
Three Wheelers sales declined by (-) 7.83 percent in April-November 2013 over the same period last year. Passenger Carriers and Goods Carriers declined by (-) 8.29 percent and (-) 5.70 percent respectively in April-November 2013 over April-November 2012.
Two Wheelers registered growth of 5.78 percent during April-November 2013 over April-November 2012. Within the Two Wheelers segment, Scooters and Motorcycles grew at 18.70 percent and 3.32 percent respectively, while Mopeds declined by (-) 10.49 percent in April-November 2013 over April-November 2012.
During April-November 2013, overall automobile exports grew by 5.52 percent. Passenger Vehicles, Three Wheelers and Two Wheelers registered growth at 9.64 percent 16.98 percent and 3.41 percent respectively, while Commercial Vehicles declined by (-)12.31 percent during April-November 2013 compared to the same period last year.