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Domestic Automobile Production Up 14.54% In April-August 2018

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The domestic automobile industry produced a total 13,701,825 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-August 2018 as against 11,962,983 in April-August 2017, registering a growth of 14.54% over the same period last year, noted the (SIAM) in a latest update. The Auto industry continues growth though Floods have restricted sales, said SIAM. Restrictions in have affected two wheelers sales. The sale of Passenger Vehicles grew by 9.81% in April-August 2018 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans grew by 9.71%, 8.67% and 16.05% respectively in April-August 2018 over the same period last year. The passenger vehicle sales dropped 2.46% in August. The overall Commercial Vehicles segment registered a growth of 41.67% in April-August 2018 as compared to the same period last year.

Medium & Heavy Commercial Vehicles (M&HCVs) increased by 54.92% and Light Commercial Vehicles grew by 34.41% in April-August 2018 over the same period last year. Three Wheelers sales increased by 44.27% in April-August 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 51.74% and Goods Carrier grew by 17.85% in April-August 2018 over April-August 2017. Two Wheelers sales registered a growth at 11.50% in April-August 2018 over April-August 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 6.77%, 14.67% and 2.84% respectively in April-August 2018 over April-August 2017. In April-August 2018, overall automobile exports grew by 26.96%. While Passenger Vehicles exports declined by (-) 3.45%, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 35.64%, 67.57% and 28.18% respectively in April-August 2018 over the same period last year.

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

First Published: Tue, September 11 2018. 15:39 IST
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