The cumulative production data for April to August 2012 shows production growth of only 4.20% over same period last year. However, the industry produced only 1,564,259 vehicles in August 2012 as against 1,682,213 in August 2011, which is deceleration of manufacturing to the tune of 7%.
Domestic Sales
The overall growth in domestic sales during April to August 2012 was 6.61% over same period last year. However, in August 2012 overall sales declined by (-3.9)% over August 2011.
Passenger Vehicles segment grew at 7.42% during April to August 2012 over same period last year. Passenger Cars marginally grew by 0.86%, Utility Vehicles grew by 57.03 percent and Vans grew by (-9.37)% during April to August 2012 as compared to same period last year. However, in August passenger car sales declined by over 18.5% over August 2011. Total passenger vehicles sales also declined in August 2012 by almost 4% over same month last year.
The overall Commercial Vehicles segment registered growth of 4.57% in April to August 2012 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at (-11.94)%, Light Commercial Vehicles grew at 17.05%.
Three Wheelers sales recorded marginal growth at 0.59% in April to August 2012. Passenger Carriers grew by 4.45% during April to August 2012 and Goods Carriers registered de-growth at (-13.40)% during this period.
Two Wheelers registered a growth of 6.80% during April to August 2012. Mopeds, Motorcycles and Scooters grew by 3.20%, 3.31% and 22.96% respectively in the period of April-August 2012. However, in August 2012, motorcycle sales declined by almost 8.5% over same month last year.
Exports
During April to August 2012 overall automobile exports registered negative growth at (-5.56)%. While Passenger Vehicles grew by 1.29% and Commercial Vehicles grew by 7.48%. Two & Three wheelers declined by (-2.17) and (-34.97)% respectively in April-August 2012 compared to the same period last year. In August 2012 car exports fell by almost 27% compared to last year August and motorcycle exports declined by over 7% during the same period.
Source - SIAM
(www.steelguru.com)
