Positive Growth in All Segments Except Buses
The industry produced a total 23,890,166 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-January 2018 as against 21,104,750 in April-January 2017, registering a growth of 13.20 percent over the same period last year.
The sale of Passenger Vehicles grew by 8.07 percent in April-January 2018 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicle and Vans grew by 3.61 percent, 21.29 percent and 5.33 percent respectively in April-January 2018 over the same period last year.
The overall Commercial Vehicles segment grew by 17.88 percent in April-January 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 10.45 percent and Light Commercial Vehicles grew by 23.17 percent in April-January 2018 over the same period last year.
Three Wheelers sales grew by 14.46 percent in April-January 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier & Goods Carrier sales registered a growth of 16.38 percent and 6.86 percent respectively in April-January 2018 over April-January 2017.
Two Wheelers sales registered a growth at 13.62 percent in April-January 2018 over April-January 2017. Within the Two Wheelers segment, Scooters and Motorcycles grew by 20.91 percent and 11.43 percent respectively, while Mopeds declined by (-) 4.64 percent in April-January 2018 over April-January 2017.
In April-January 2018, overall automobile exports increased by 14.80 percent. Two and Three Wheelers Segments registered a growth of 19.32 percent and 33.58 percent respectively, while Passenger Vehicles and Commercial Vehicles declined by (-) 1.87 percent and (-) 15.28 percent respectively in April-January 2018 over the same period last year.
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