Auto Industry Witness Decline Across All The Segments : SIAM
Production
The industry produced a total of 2,363,376 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April 2019 as against 2,646,257 in April 2018, registering a decline of (-) 10.69 percent over the same month last year.
Domestic Sales
The sale of Passenger Vehicles declined by (-) 17.07 percent in April 2019 over the same month last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 19.93 percent, (-) 6.67 percent and (-) 30.11 percent respectively in April 2019 over the same month last year.
The overall Commercial Vehicles segment registered a decline of (-) 5.98 percent in April 2019 as compared to the same month last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 13.56 percent and Light Commercial Vehicles declined by (-) 1.10 percent in April 2019 over the same month last year.
Three Wheelers sales declined by (-) 7.44 percent in April 2019 over the same month last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 9.24 percent and Goods Carrier declined by (-) 0.17 percent in April 2019 over April 2018.
Two Wheelers sales registered a de-growth of (-) 16.36 percent in April 2019 over April 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 25.89 percent, (-) 11.81 percent and (-) 5.88 percent respectively in April 2019 over April 2018.
Exports
In April 2019, overall automobile exports declined by (-) 0.05 percent. While Passenger Vehicles exports grew by 11.60 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a de-growth of (-) 54.32 percent, (-) 7.53 percent and (-) 0.04 percent respectively in April 2019 over the same period last year.