Indian Automobile Industry News July 2014
The Commercial Vehicles continue to struggle as the Passenger Vehicles continued their modest growth. According to the Society of Indian Automobile Manufacturers
(SIAM) released automobiles figures, the overall automobile sales grew by 12% in July 2014. Automobile production witnessed a growth of 15.6% while the exports grew at 31.7% for July 2014 as compared to July 2013.
The industry achieved domestic sales of close to 200 thousand units of Passenger Vehicles registering a growth of 6.5% in July 2014 as compared to July 2013. Within the segment Passenger Cars had a growth of 5% while Utility Vehicles grew by 18.6%. Vans declined by 8%.
The Commercial Vehicles sold in the country in July were about 48 thousand in July 2014, registering a decline of 13.6% from July 2013. Medium & Heavy Commercial Vehicles (M&HCVs) domestic sales dipped by 4.4% while Light Commercial Vehicles registered 18.3% decline in sales for July 2014.
Three Wheelers domestic sales were more than 51 thousand in July 2014 with a growth of 23.8% for July 2014 over the same month in 2013. Passenger Carriers saw a growth of 24% while the Goods Carriers grew by 22%.
Domestic sales of Two Wheelers in July 2014 were over 1,287 thousands with a growth of 13.7% in July 2014 over July 2013. Within the segment, Scooters, Motorcycles and Mopeds grew by 37%, 6.2% and 9.4% respectively.
Automobile exports grew by 31.7% in July 2014 as compared to July 2013. However, the Passenger Vehicles recorded a decline of 3.2% in exports with Passenger Cars declining 8.3%, while Utility Vehicles and Vans growing by 53.7% and 289% respectively. Commercial Vehicles exports grew by 17% with Medium & Heavy Commercial Vehicles (M&HCVs) growing by 28% and Light Commercial Vehicles by 11.3% in July 2014 over July 2013. Three Wheelers exports were up 50% in July with Passenger Carriers having a growth of 50% while the Goods Carriers growing by 39.4%, over July 2013. Two Wheelers July 2014 exports growth was at 42.1% with growth in Scooters, Motorcycles and Mopeds at 141%, 38% and 4.9% respectively.
Source: The Society of Indian Automobile Manufacturers ((SIAM)