Overall auto market shows decline for 8 straight months across vehicle segments in India. A total of 16,19,328 vehicles were produced including commercial vehicles, passenger vehicles, two-wheelers and three-wheelers in June 2013, as compared to 16,99,714 units in June 2012, registering decline by 4.73 percent over the same period last year.
In the domestic sales front, sales during the April to June 2013 period decline by 2.10 percent, as compared to last year’s domestic sales. Passenger Vehicles segment records sliding sales by 7.24 percent during April to June 2013, as against last year’s sales figure recorded during the same period. Sales of passenger cars and vans too dropped by 10.41 percent and 5.97 percent respectively. However, Utility Vehicle sales were up by 5.27% during April-June 2013, as compared to corresponding period last year.
The Commercial Vehicles segment sales dropped by 8.12 percent in April-June 2013, as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth up to 15.52 percent and Light Commercial Vehicles also dropped by 3.94 percent. In the Three-Wheelers segment, sales slide by 2.38 percent in April-June 2013, as compared to last year. Passenger Carriers and Goods Carriers also slide by 2.44% and 2.15% respectively in April-June 2013 over April-June 2012. The overall Two-Wheelers segment registered negative growth of 0.82 percent during April-June 2013 over April-June 2012. Within the Two-Wheelers segment mopeds and motorcycles declined by 11.06 percent and 3.98 % respectively, while scooters grew up by 14.30% in April-June 2013 over April-June 2012.
De-growth is also seen in auto exports as well. During the April-June 2013 period overall auto exports slide by 5.65 percent. Commercial vehicles, Passenger Vehicles and Two-Wheelers declined by 3.54 percent, 26.17 percent and 12.53 percent respectively, as compared to the same period last year. Three-Wheelers segment however, grew by 56.62 percent in April-June 2013 over April-June 2012. With new models launched at competitive price ranges, auto majors are trying hard to woo the Indian customers. But growth of the Indian auto industry will depend on improving global economic health, creating demand, and stable economic situation at home.