“Indian Automobile Industry Continues Reviving”

40The Indian automotive industry produced the number of 21,468,103 vehicles April – February 2015 growing 9.28 percent over the same period previous year

Production

The industry produced a total of 21,468,103 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in April-February 2015 as against 19,645,555 in April-February 2014, registering a growth of 9.28 percent over the same month last year.

Domestic Sales

The sales of Passenger Vehicles grew by 4.03 percent in April-February 2015 over the same period last year. Within the Passenger Vehicles segment, Passenger Cars and Utility Vehicles grew by 5.24 percent and 5.46 percent respectively, while Vans declined by (-) 11.00 percent in April-February 2015 over the same period last year

The overall Commercial Vehicles segment registered a de-growth of (-) 3.39 percent in April-February 2015 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) grew by 15.09 percent and Light Commercial Vehicles declined by (-) 11.75 percent. Three Wheelers sales grew by 11.56 percent in April-February 2015 over the same period last year. Passenger Carriers and Goods Carriers grew by 12.88 percent and 6.11 percent respectively in April-February 2015 over April-February 2014. Two Wheelers sales registered growth of 8.97 percent in April-February 2015 over April-February 2014. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 26.59 percent, 3.24 percent and 5.55 percent respectively in April-February 2015 over April-February 2014.

Exports

In April-February 2015, overall automobile exports grew by 16.92 percent over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers grew by 5.82 percent, 12.37 percent, 13.84 percent and 20.78 percent respectively during April-February 2015 over the same period last year

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