Passenger Vehicles Sales Fall 16.40% in April-December 2019

The domestic automobile industry produced a total 20,736,410 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-December 2019 as against 23,853,770 in April-December 2018, registering a de-growth (-) 13.07% over the same period last year, data from Society Of Indian Automobile Manufacturers (SIAM) showed.

The sale of Passenger Vehicles declined by (-) 16.40% in April-December 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars and Vans declined by (-) 23.59 % and (-) 37.31% respectively in April-December 2019 over the same period last year, while the sale of Utility Vehicle increased by 6.35%.

The overall Commercial Vehicles segment registered a decline of (-) 21.09% in April-December 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 36.69% and Light Commercial Vehicles declined by (-) 11.34% in April-December 2019 over the same period last year.

Three Wheelers sales declined by (-) 2.70 % in April-December 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 2.02% and Goods Carrier declined by (-) 5.85% in April-December 2019 over April-December 2018.

Two Wheelers sales registered a de-growth of (-) 15.80% in April-December 2019 over April-December 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 16.16%, (-) 15.04% and (-) 25.10% respectively in April-December 2019 over April-December 2018.

In April-December 2019, overall automobile exports grew by 3.86% where Passenger Vehicles and Two Wheelers exports grew by 5.89% and 6.87% respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 38.74% and (-) 8.80% respectively in April-December 2019 over the same period last year.

Powered by Capital Market - Live News