The automobile industry in India has continued with decline in performance during the month of May, 2013, with total of 17,37,548 vehicles produced from the industry in the month. This is 4.08 percent less than the output from the sector last year, which stood at 18,11,515. All the segments including commercial vehicles and passenger cars are affected in the market.
The overall sales of vehicles in domestic market during April-May 2013 were 0.64 percent less than the sales of same period of previous year. The passenger vehicle segment was badly hit with 8.56 percent downfall in sales. The utility vehicles, which witnessed growth of 4.08 percent, looked promising among all other body types in passenger cars.
The commercial vehicle sector registered sales of 37,129 units in April-May this year which is 5.2 percent less than the figures of previous year. Three-wheelers witnessed marginal increase in sales during the two months period with 1.47 percent hike in number of units sold.
Thanks to the outstanding performance of scooters, the two-wheeler market saw a growth in sales of 1.04 percent in April-May period of 2013 when compared to previous year. The export scenario was not very different in the last two months with two-wheelers and commercial vehicles seeing negative growth while passenger cars and three-wheelers saw an increase in export when compared to 2012.
Automobile companies are coming out with new products for the market ahead with Mahindra launching its first hatchback, Verito Vibe, last week. Ford EcoSport is expected to be launched during the month of June or July and Nissan might be bringing the Terrano by the end of the year. The scenario might change in the next few months with these launches and some exciting promotional events from manufacturers.