Sales Growth of Auto Industry Stable in February 2017

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Sales Growth of Auto Industry Stable in February 2017

Production

The industry produced a total 23,059,539 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-February 2017 as against 21,869,793 in April-February 2016, registering a growth of 5.44 percent over the same period last year.

Domestic Sales

The sales of Passenger Vehicles grew by 9.16 percent in April-February 2017 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 3.44 percent, 31.01 percent and 3.98 percent respectively during April-February 2017 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 3.49 percent in April-February 2017 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined marginally by (-) 0.79 percent and Light Commercial Vehicles grew by 6.82 percent during April-February 2017 over the same period last year.

Three Wheelers sales declined by (-)2.96 percent in April-February 2017 over the same period last year. Passenger Carrier sales declined by (-) 6.45 percent and Goods Carrier sales grew by 13.01 percent in April-February 2017 over April- February 2016.

Two Wheelers sales registered a growth at 7.54 percent during April-February 2017 over April-February 2016. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 11.71 percent, 4.36 percent and 25.69 percent respectively in April-February 2017 over April- February 2016.

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Exports

In April-February 2017, overall automobile exports declined by (-) 5.94 percent. While Passenger Vehicles and Commercial Vehicles exports registered a growth of 16.28 percent and 6.90 percent respectively, exports of Three Wheelers and Two Wheelers declined by (-) 33.40 percent and (-) 7.65 percent respectively in April-February 2017 over April-February 2016.

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Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

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