Cumulative Sales Growth during Apr-Dec 18 of Auto Industry Show Positive Sign Across the Segments in the Month of December 2018 Sales Decline across the Segments Due to Low Consumer Sentiments
Production
The industry produced a total 23,861,485 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-December 2018 as against 21,432,030 in April-December 2017, registering a growth of 11.34 percent over the same period last year.
Domestic Sales
The sale of Passenger Vehicles grew by 4.37 percent in April-December 2018 over the same period last year. Within the Passenger Vehicles, the sales of Passenger Cars, Utility Vehicle & Vans grew by 4.34 percent, 2.63 percent and 12.89 percent respectively in April-December 2018 over the same period last year.
The overall Commercial Vehicles segment registered a growth of 25.86 percent in April- December 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 24.69 percent and Light Commercial Vehicles grew by 26.60 percent in April-December 2018 over the same period last year.
Three Wheelers sales increased by 18.85 percent in April-December 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 21.02 percent and Goods Carrier grew by 9.70 percent in April-December 2018 over April-December 2017.
Two Wheelers sales registered a growth at 9.59 percent in April-December 2018 over April-December 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 4.76 percent, 12.55 percent and 4.59 percent respectively in April-December 2018 over April-December 2017.
Exports
In April-December 2018, overall automobile exports grew by 18.53 percent. While Passenger Vehicles exports declined by (-) 8.47 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 10.99 percent, 51.45 percent and 21.45 percent respectively in April-December 2018 over the same period last year.
