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Except two-wheelers, Indian auto industry declines in FY13-14

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

Producing 1,854,157 vehicles, including passenger vehicles, commercial vehicles, three-wheelers and two-wheelers, in March 2014 as against 1,686,348 in March 2013, the industry registered a growth of 9.95 per cent over the same month last year. The growth continues to be on account of growth in two-wheelers production. The overall domestic sales during April-March 2014 grew marginally by 3.53 per cent over the same period last year because of growth in scooters and motorcycles sales. The sales of Passenger Vehicles declined by 6.05 per cent during April-March 2014 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans dropped by 4.65 per cent, 5.01 per cent and 19.58 per cent respectively during April-March 2014 compared to the same period last year. The overall Commercial Vehicles segment registered a de-growth of 20.23 per cent in April-March 2014 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at 25.33 per cent and Light Commercial Vehicles also dropped by 17.62 per cent. Three-wheelers sales declined by 10.90 per cent in April-March 2014 over the same period last year. Passenger Carriers and Goods Carriers declined by 12.74 per cent and 2.53 per cent respectively in April-March 2014 over April-March 2013. Two-wheeler sales registered growth of 7.31 per cent during April-March 2014 over April-March 2013. Within the Two-wheeler segment, scooters and motorcycles grew at 23.24 per cent and 3.91 per cent respectively, while mopeds declined by 8.35 per cent in April-March 2014 over April-March 2013.

During April-March 2014, overall automobile exports grew by 7.21 per cent. Passenger Vehicles, Three-wheelers and Two-wheelers registered growth at 6.09 per cent 16.60 per cent and 6.52 per cent respectively, while Commercial Vehicles declined by 3.71 per cent during April-March 2014 compared to the same period last year.

Summary Report: Cumulative Production, Domestic Sales &
Exports data for the period of April-March 2014 and
Growth         
Category Production   Domestic   Sales Exports  
 April-March   April-March   April-March  
Segment/Subsegment 2012-13 2013-14 % Change 2012-13 2013-14 % Change 2012-13 2013-14 % Change
I Passenger Vehicles
(PVs)
         
Passenger Cars 2,423,086 2,311,972 -4.59 1,874,055 1,786,899 -4.65 547,222 550,466 0.59
Utility Vehicles(UVs) 568,538 563,986 -0.80 553,662 525,942 -5.01 10,423 41,550 298.64
Vans 239,434 196,693 -17.85 237,298 190,844 -19.58 1,769 1,491 -15.72
Total Passenger Vehicles ( PVs ) 3,231,058 3,072,651 -4.90 2,665,015 2,503,685 -6.05 559,414 593,507 6.09
II Commercial Vehicles
(CVs)
         
M&HCVs         
Passenger Carriers 51,382 41,175 -19.86 46,913 38,709 -17.49 7,562 7,104 -6.06
Goods Carriers 229,295 80,451 -21.30 221,776 161,918 -26.99 11,962 16,709 39.68
Total M&HCVs 280,677 221,626 -21.04 268,689 200,627 -25.33 19,524 23,813 21.97
LCVs         
Passenger Carriers 50,058 45,136 -9.83 47,827 42,799 -10.51 3,057 2,254 -26.27
Goods Carriers 501,914 432,102 -13.91 476,695 389,312 -18.33 57,446 50,989 -11.24
Total LCVs 551,972 477,238 -13.54 524,522 432,111 -17.62 60,503 53,243 -12.00
Total Commercial Vehicles 832,649 698,864 -16.07 793,211 632,738 -20.23 80,027 77,056 -3.71
III Three
Wheelers
         
Passenger Carrier 740,716 733,248 -1.01 441,124 384,923 -12.74 300,473 351,442 16.96
Goods Carrier 99,032 96,872 -2.18 97,166 94,711 -2.53 2,615 1,950 -25.43
Total Three Wheelers 839,748 830,120 -1.15 538,290 479,634 -10.90 303,088 353,392 16.60
IV Two
wheelers
         
Scooter/Scooterettee 3,026,512 3,676,193 21.47 2,923,424 3,602,744 23.24 91,062 93,931 3.15
Motor cycles/Step- Throughs 11,925,690 12,471,488 4.58 10,085,000 10,479,817 3.91 1,862,008 1,982,755 6.48
Mopeds 791,954 732,210 -7.54 788,761 722,920 -8.35 3,308 7,252 119.23
Total Two wheelers 15,744,156 16,879,891 7.21 13,797,185 14,805,481 7.31 1,956,378 2,083,938 6.52
Grand Total of All Categories 20,647,611 21,481,526 4.04 17,793,701 18,421,538 3.53 2,898,907 3,107,893 7.21

Source: Society of Indian Automobile
Manufacturers        

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