Auto News

Indian Auto Industry Continues to Down Slide in July

By Sunita Devi   |   12 August,2013

The automotive industry in India continues its downtrend in the month of July. The Indian auto market conditions remained challenging with lower demand in the domestic market. Major car makers such as General Motors, Hyundai, Mahindra etc. sales de-growth in July, as compared to sales performance during the same period last year. A total of 17,29,002 units have been produced in July 2013 across segments - passenger vehicles, three wheelers, two wheelers and commercial vehicles, in comparison to July 2012 total production of 17,45,532 units. Overall the auto industry declined by 0.95% in July as compared to last year.

During the April-July 2013 period, the domestic market sales remained weak registering negative growth of 2.09 percent, in comparison to same period in 2012. The passenger vehicles segment too went down by 7.49 percent, in comparison to 2012 during the same period. Under the passenger vehicles - passenger cars declined by 9.73%, utility vehicles by 1.03 percent and vans slide down by 2.39%, as compared to April-July period in 2012.

Other automotive segments such as commercial vehicles registered negative growth of 9.91%, as against April-July period in 2012. Medium & heavy commercial vehicles too declined by 16.65% and light commercial vehicles dropped by 6.11 percent. Three-wheeler registered a decline of 3.45% in April-July 2013 period, in comparison to the same period last year. Also the passenger carriers and goods carriers’ sales went down by 2.84% and 6.05% respectively. Coming to the two-wheeler segment sales declined by 0.64% in April-July 2013 period, as against the same period last year. During the April-July 2013, motorcycles registered de-growth of 3.40 percent and scooters sales were up by 13.11 percent, as compared to April-July 2012.

In the April-July period in 2013, overall export segment went down by went down by 3.37%, in comparison to corresponding period last year. Export of commercial vehicles and two-wheelers declined by 26.53 percent and 9.88 percent, on the other hand, passenger vehicles and three-wheelers sales went up by 2.39% and 46.47% respectively.

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