M&HCV segment grow by 12.91 pc in April-Jan 2014-15: SIAM

According to the latest sales reports announced by the Society of Indian Automobile Manufacturers (SIAM), the auto industry produced a total of 1,976,270 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in January 2015 as against 1,937,489 in January 2014, registering a growth of 2.00 pc over the same month last year. With regards to domestic sales, Passenger Vehicles grew by 3.62 percent in April-January 2015 over the same period last year. Within the Passenger Vehicles segment, Passenger Cars and Utility Vehicles grew by 4.79 percent and 5.58 percent respectively, while Vans declined by (-) 12.15 percent in April-January 2015 over the same period last year.

The overall Commercial Vehicles segment registered a de-growth of (-) 4.60 percent in April-January 2015 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) grew by 12.91 percent and Light Commercial Vehicles declined by (-) 12.42 percent. M & HCV goods carrier grew by 19.03 pc to 153706 units (129134) as compared to a fall of 12.17pc of M&HCVs passenger carriers.

Three Wheelers sales grew by 13.63 percent in April-January 2015 over the same period last year. Passenger Carriers and Goods Carriers grew by 15.14 percent and 7.27 percent respectively in April-January 2015 over April-January 2014.

Two Wheelers sales registered growth of 9.97 percent in April-January 2015 over April-January 2014. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 27.42 percent, 4.34 percent and 6.38 percent respectively in April-January 2015 over April-January 2014.

On the export front, in April-January 2015, overall automobile exports grew by 19.40 percent over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers grew by 6.66 percent, 14.73 percent, 18.98 percent and 23.30 percent respectively during April-January 2015 over the same period last year.