SIAM Says Domestic Automobile Output Down 13.32% In April-October 2019

According to latest data furnished by the Society Of Indian Automobile Manufactures (SIAM), the domestic auto industry produced a total 16,583,587 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-October 2019 as against 19,567,358 in April-October 2018, registering a de-growth (-) 15.25% over the same period last year.

The sale of Passenger Vehicles declined by (-) 20.22% in April-October 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars and Vans declined by (-) 27.02% and (-) 35.41% respectively in April-October 2019 over the same period last year, while the sale of Utility Vehicle increased by 0.14%.

The overall Commercial Vehicles segment registered a decline of (-) 23% in April-October 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 37.78% and Light Commercial Vehicles declined by (-) 13.73% in April-October 2019 over the same period last year.

Three Wheelers sales declined by (-) 6.15% in April-October 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered de-growth of (-) 5.98% and Goods Carrier declined by (-) 6.99% in April-October 2019 over April-October 2018.

Two Wheelers sales registered de-growth of (-) 15.92% in April-October 2019 over April-October 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 15.90%, (-) 15.34% and (-) 25.58% respectively in April-October 2019 over April-October 2018.

In April-October 2019, overall automobile exports grew by 1.49% where Passenger Vehicles and Two Wheelers exports grew by 3.54% and 4.64% respectively. However Commercial Vehicles and Three Wheelers registered de-growth of (-) 41.46% and (-) 11.91% respectively in April-October 2019 over the same period last year.

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