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Automobile Production Slides 10% In January

Capital Market 

The Society of Indian Automobile Manufacturers (SIAM) data showed that the domestic automobile industry produced a total 2,151,544 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in January 2020, as against 2,405,883 in January 2019. This accounted for a drop of 10.57%. Passenger Vehicles sales were 262,714 units in January 2020, compared to 280,091 units in January 2019, down 6.20%. Commercial Vehicles sales was 75,289 units in January 2020 compared to 87,591 units in January 2019, also recording a sharp drop of 14%. Three-wheeler sales was 60,903 units in January 2020 compared to 54,043 units in January 2019 while Two-wheeler sales was 1,341,005 units in January 2020, compared to 1,597,528 units in January 2019.

The industry produced a total 22,887,954 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-January 2020 as against 26,259,653 in April January 2019, sliding by almost 13%. Passenger Vehicles sales was 2,380,699 units in April-January 2020, compared to 2,813,285 units in April-January 2019. Commercial Vehicles sales was 645,991 units in April-January 2020 compared to 810,853 units in April-January 2019. Three-wheeler sales were 567,659 units in April-January 2020 compared to 574,856 units in April-January 2019. Two-wheeler sales were 15,255,979 units in April-January 2020, compared to 18,124,313 units in April-January 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 10 2020. 12:58 IST
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