July 2014 Indian auto industry sales up
During period April-July 2014, passenger vehicle sales in India¬†have seen a moderate increase while commercial vehicles sales registered de-growth. Total vehicles produced in July 2014 stood at 1,998,877 units which included passenger, commercial, three wheeler and two wheeler vehicles. This was against 1,728,974 units produced in July 2013 resulting in growth to the extent of 15.61%.
During period April-July 2014, total passenger vehicle sales increased by 2.53% over the period April-July 2013. Passenger car sales increased 2.89% while sales of Utility Vehicle sales increased 7.36%. However, where sales of Vans were concerned, sales dipped by 12.91% during the four month period. Sales of Commercial vehicles saw a decline by -15.51% during the April-July 2014 period. Sales of Medium and Heavy Commercial Vehicles dipped -8.50% while Light Commercial Vehicle sales fell by -19.20%.
There was an increase in both three and two wheeler sales in the country during April-July 2014. Three wheeler sales increased by 15% while sales of Passenger and Goods Carriers increased by 16.24% and 9.53% respectively as compared to sales in the April-July 2013 period. Two wheelers continued to be in high demand across India during the period April-July 2014, with sales growth of 13.70%. Scooter sales increased by 30.80% followed by Motorcycles sales which increased by 4.26% while sales of Mopeds increased by 4.26% during the four month period as compared to the same period last year.
Taking into account exports during the period April-July 2014, total exports grew by 23.17%. Passenger vehicle exports increased by 3.83%, commercial vehicle exports increased by 19.78% while three and two wheeler exports increased by 5.27% and 32.72% respectively