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Indian Auto Industry Remains in the Negative Territory in October

Auto News - Published on Tue, 12 Nov 2019

Image Source: steelguru
Society of Indian Automobile Manufacturers reported that Indian automobile industry produced a total 16,583,587 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-October 2019 as against 19,567,358 in April-October 2018, registering a de-growth 15.3% over the same period last year. The sales of Passenger Vehicles declined by 20.2% YoY in April-October 2019. Within the Passenger Vehicles, the sales for Passenger Cars and Vans declined by 27.0% and 35.4% respectively in April-October 2019 over the same period last year, while the sale of Utility Vehicle increased by 0.14%.

The overall Commercial Vehicles segment registered a decline of 23.0% in April-October 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles declined by 37.8% and Light Commercial Vehicles declined by 13.7% in April-October 2019 over the same period last year.

Three Wheelers sales declined by 6.2% in April-October 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered de-growth of 5.9% and Goods Carrier declined by 6.9% in April-October 2019 over April-October 2018.

Two Wheelers sales registered de-growth of 15.9% in April-October 2019 over April-October 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by 15.9%, 15.3% and 25.6% respectively in April-October 2019 over April-October 2018.

In April-October 2019, overall automobile exports grew by 1.49% where Passenger Vehicles and Two Wheelers exports grew by 3.5% and 4.6% respectively. However Commercial Vehicles and Three Wheelers registered de-growth of 41.5% and 11.9% respectively in April-October 2019 over the same period last year.

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Posted By : Arun Huidrom on Tue, 12 Nov 2019
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