Indian automobile industry production up by 2.58 per cent in fiscal 2016

The Indian automobile industry produced a total of 23.96 million vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycles in fiscal 2016, a marginal growth of 2.58 per cent over the previous year.

According to Sugato Sen, deputy director general, Society of Indian Automotive Manufacturers (Siam), sales of passenger vehicles grew by 7.24 percent in the fiscal. Within the passenger vehicles segment, passenger cars, utility vehicles and vans grew by 7.87 percent, 6.25 percent and 3.58 percent respectively during April-March 2016 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 11.51 percent in April-March 2016 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth at 29.91 percent and Light Commercial Vehicles grew marginally by 0.30 percent during April-March 2016 over the same period last year.

Three wheeler sales grew by 1.03 percent in April-March 2016 over the same period last year. Passenger carrier sales grew by 2.11 per cent and Goods Carrier sales declined by 3.62 percent respectively in April-March 2016 over April-March 2015.

Two wheeler sales registered a growth at 3.01 percent. Within the segment, Scooters grew by 11.79 percent while Motorcycles and Mopeds dropped by 0.24 percent and 3.32 percent respectively in April-March 2016 over April-March 2015.

In April-March 2016, overall automobile exports grew by 1.91 percent. Passenger Vehicles, Commercial Vehicles and Two Wheelers registered a growth of 5.24 percent, 16.97 percent and 0.97 percent respectively in April-March 2016 over April-March 2015.

Source : BS Motoring