Auto Industry Growing In Double Digits

The industry produced a total 19,575,255 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2018 as against 17,112,236 in April-October 2017, registering a growth of 14.39 percent over the same period last year.

The sale of Passenger Vehicles grew by 6.10 percent in April-October 2018 over the same period last year. Within the Passenger Vehicles, the sales of Passenger Cars, Utility Vehicle & Vans grew by 5.87 percent, 5.19 percent and 12.96 percent respectively in April-October 2018 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 35.68 percent in April-October 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 42.80 percent and Light Commercial Vehicles grew by 31.56 percent in April-October 2018 over the same period last year.

Three Wheelers sales increased by 31.97 percent in April-October 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 36.71 percent and Goods Carrier grew by 13.21 percent in April-October 2018 over April-October 2017.

Two Wheelers sales registered a growth at 11.14 percent in April-October 2018 over April-October 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 6.10 percent, 14.19 percent and 6.36 percent respectively in April-October 2018 over April-October 2017.

In April-October 2018, overall automobile exports grew by 24.10 percent. While Passenger Vehicles exports declined by (-) 3.28 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 26.58 percent, 62.99 percent and 25.94 percent respectively in April-October 2018 over the same period last year.

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