Indian auto industry passenger vehicle sales grew by 2.3% in April-October 2014 over Apr-Oct ’14. In passenger vehicles segment, passenger Cars and utility vehicles (UVs) grew by 3.03% and 7.02% respectively. Van sales were down by 15.62% in April-October 2014 over the same period in 2013.Overall commercial vehicles reported 9.14% decline in April-October 2014 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) grew by 1.94%, while Light Commercial Vehicles sales decline stood at 14.24%.
Three Wheeler sales grew by 15.75% in April-October 2014 over the same period last year. Passenger Carriers and Goods Carriers grew by 17.48% and 7.87% respectively.
Two Wheelers sales growth stood at 12.86% in April-October 2014 over April-October 2013. Scooters, Motorcycles and Mopeds sales growth stood at 28.45%, 7.97%, and 9.58%. Indian auto industry exports for automobile exports April-October 2014 grew by 19.80%. Commercial Vehicles, Three Wheelers and Two Wheelers grew by 13.93%, 15.33% and 26.80%. Passenger vehicles reported marginal decline of .06% through April-October 2014.