Indian automobile industry produced a total of 9,315,809 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-July 2017 as compared to 8,599,803 units in April- July 2016, recording a growth of 8.33 percent over the same period a year ago.
According to Society of Indian Automobile Manufacturers (SIAM), the sale of Passenger Vehicles grew by 7.29 percent in April-July 2017 over the same period a year ago. Within the Passenger Vehicles, the sales of Passenger Cars, Utility Vehicle and Vans climbed up by 5.15 percent, 14.98 percent and 0.09 percent respectively in April-July 2017 as against same period a year ago.
The overall Commercial Vehicles segment declined by 3.67 percent in the comparative period. Medium & Heavy Commercial Vehicles (M&HCVs) tumbled by 22.94 percent, however, Light Commercial Vehicles grew by 10.43 percent in April-July 2017 as compared to the same period in the previous year.
Three Wheelers sales declined by 21.33 percent in April-July 2017 over the same period a year ago. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of 26.60 percent, however, Goods Carrier grew by 2.98 percent in April-July 2017 over April-July 2016.
Two Wheelers sales recorded a growth at 9.24 percent. Within the Two Wheelers segment, Scooters and Motorcycles sale jumped by 18.16 percent and 6.58 percent respectively, while Mopeds declined by 13.04 percent in April-July 2017 over April-July 2016.
In April-July 2017, overall automobile exports jumped by 11.09 percent. While Passenger Vehicles, Three Wheelers and Two Wheelers registered a growth of 11.98 percent, 17.15 percent and 12.29 percent respectively, Commercial Vehicle exports declined by 34.42 percent in April-July 2017 over the same period last year.