Production of vehicles up by 14.41% till Feb'18

Production of vehicles saw a growth of 14.41 percent in April-February 2018, the Society of Indian Automobile Manufactures (SIAM) said on Monday.

As per the chamber's data, a total of 26,402,671 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadric-cycles were produced in April-February 2018 as against 23,078,120 in April-February 2017.

The domestic sale of passenger vehicles grew by 8.04 percent in April-February 2018 over the same period last year. Within this segment, passenger cars, utility vehicle and vans grew by 3.62 percent, 21.34 percent and 4.25 percent respectively in April-February 2018 over the same period last year.

The overall commercial vehicles segment grew by 19.30 percent in April-February 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) grew by 11.91 percent and Light Commercial Vehicles (LCV) grew by 24.64 percent in April-February 2018 over the same period last year.

Meanwhile, three wheeler sales grew by 19.11 percent in April-February 2018 over the same period last year. Within this category, passenger carrier and goods carrier sales registered a growth of 22.36 percent and 6.80 percent respectively in April-February 2018 over April-February 2017.

Domestic two wheeler sales registered a growth at 14.47 percent in April-February 2018 over April-February 2017. Within the segment, scooters and motorcycles grew by 21.18 percent and 12.66 percent respectively, while mopeds declined by (-) 4.83 percent in April-February 2018 over April-February 2017.

On the exports front, in April-February 2018, overall automobile exports increased by 15.81 percent. Two and three wheeler segments registered a growth of 20.30 percent and 37.02 percent respectively, while passenger vehicles and commercial vehicles declined by (-) 1.80 percent and (-) 13.26 percent respectively in April-February 2018 over the same period last year.