Auto industry growth restricted by low level of rural offtake, says a SIAM report.
The Society of Indian Automobile Manufacturers (SIAM) released its monthly report on Indian automobile industry for the month of November 2015 as well as for the period April-November 2015.
The industry produced a total 16,060,865 vehicles including passenger vehicles, commercial vehicles, three-wheelers and two-wheelers in April-November 2015 as against 15,820,978 in April-November 2014, registering a marginal growth of 1.52 per cent over the same period last year.
Meanwhile, the total production of all types of vehicles in November 2015 stood at 1,799,478 units, 9.76 per cent down compared to 1,994,017 units in November 2014. The total production of passenger vehicles was down by
10.32 per cent at 252,203 units compared to 281,234 units in November 2014. The total production of commercial vehicles was at 59,100 units, 1.46 per cent down compared to 59,976 units produced in November 2014. The production of two-wheelers and three-wheelers also witnessed a dip in November 2015 compared to the figures of November 2014.
The sales of passenger vehicles grew by 8.87 per cent in April-November 2015 over the same period last year. Within the passenger vehicles, passenger cars, utility vehicles and vans grew by
11.37 per cent, 3.05 per cent and 1.12 per cent, respectively during April- November 2015 over the same period last year.
The overall commercial vehicles segment registered a growth of 8.08 per cent in April- November 2015 as compared to same period last year. Medium and heavy commercial vehicles (M&HCVs) registered a growth at 31.38 per cent while light commercial vehicles declined by – 4.56 per cent during April- November 2015 over the same period last year.
Three-wheeler sales declined by
-6.60 per cent in April-November 2015 over the same period last year. Passenger carrier and goods carrier sales declined by -6.58 per cent and -6.70 per cent, respectively in April-November 2015 over April-November 2014.
Two-wheeler sales registered a marginal growth at 1.69 per cent during April-November 2015 over April-November 2014. Within the two-wheeler segment, scooters grew by 12.44 per cent while motorcycles and mopeds dropped by -2.10 per cent and -5.37 per cent, respectively in April-November 2015 over April-November 2014.
The sales of all vehicles during November 2015 was 1,654,226, up by 3.18 per cent from 1,603,312 units sold in November 2014. The domestic sales grew for all vehicle categories during November 2015, except for passenger vans, LCV goods carriers, three-wheeler goods carriers, and mopeds.
In April-November 2015, the overall automobile exports grew by 2.61 per cent. Passenger vehicles, commercial vehicles, three-wheelers and two-wheelers registered a growth at 4.30 per cent,
15.22 per cent, 10.46 per cent and 0.52 per cent, respectively in April-November 2015 over April-November 2014.
While during November 2015,
the overall exports for all automobiles were down by 17.61 per cent at 275,639 units, compared to 334,552 units in November 2014.
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