Auto News

Low Growth Rate Continues to Haunt Indian Auto Sector

By Motortrend India Staff   |   12 March,2013

The cumulative production and sales figures for April-February period of Indian automobile market has come out and the results are not very encouraging. During the period the overall increase in production stood up to 2.18 percent as compared to same period of previous financial year. The production output from the auto sector came up to 17,31,824 units during the month of February 2013 as compared to 17,91,795 units which were produced in the month of February 2012. The production for February fell by 3.35 percent as compared to same month of previous year.

On domestic sales side, the overall growth during April-February 2013 was 3.68 percent over the same period last year. While in February 2013, overall sales reduced by 5.45 percent over February 2012.

Passenger Vehicles segment grew at 4.07 percent during April-February 2013 over same period last year. Passenger Cars declined by 4.64 percent, Utility Vehicles grew by 54.46 percent and Vans grew only by 1.02 percent during April-February 2013 as compared to the same period last year. However, in February 2013 passenger car sales further declined by 25.71 percent over February 2012. Total passenger vehicles sales also declined by 16.67 percent in February 2013 over same month last year.

The overall Commercial Vehicles segment registered de-growth of 1.51 percent in April-February 2013 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) declined by 22.79 percent, Light Commercial Vehicles grew at 14.53 percent. In February 2013, M&HCVs sales further declined by 34.72 percent over February 2012.

Three-Wheelers sales grew by 5.05 percent in April-February 2013. Passenger Carriers grew by 8.89 percent during April-February 2013 and Goods Carriers registered de-growth at 9.64 percent during this period.

Two-Wheelers registered a growth of only 3.85 percent during April-February 2013. Scooters, mopeds and motorcycles grew by 16.19 percent, 2.18 percent and 0.90 percent respectively over same period last year. However, in February 2013 only Scooters segment witnessed growth at 2.55 percent while, Motorcycles and mopeds declined by 4.48 and 0.25 percent respectively.

In the export market, overall automobile exports during April-February fell by 1.66 percent compared to the same period last year. Passenger Vehicles grew by 9.67 percent, while the other segments like Commercial Vehicles, Three-Wheelers and Two-Wheelers fell by 11.89 percent, 17.66 percent and 1.05 percent respectively. In February 2013 Passenger Vehicles and Two-Wheelers grew by 32.05 and 14.21 percent respectively and Commercial Vehicles and Three-Wheelers declined by 24.30 and 3.33 percent respectively.

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