2.46% sales growth for utility vehicles in April-May 2014
Indian industry produced 1,990,010 vehicles through May 2014. This includes three wheelers, two wheelers, passenger vehicles, and commercial vehicles. When compared with 1,742,939 produced in May 2013, it equates to 14.18% growth.
Excise duty cuts introduced earlier in the year provided a bit of a sales boost with passenger car sales here having improved for the first time in after over 15 months. Passenger vehicle sales in the domestic markets declined by 3.46% in April-May 2014 over the same period in 2013. Passenger cars and vans reported 3.68% and 16.36% decline respectively. Utility vehicle sales growth was reported at 2.46% in April-May 2014 over the same period last year.
In the commercial vehicle segment, 19.69% sales decline was reported for April-May 2014 over the same months last year. Medium & Heavy Commercial Vehicles (M&HCVs) reported 13.81% sales decline and light commercial vehicle (LCV) sales dropped by 22.59% for April-May 2014.
April-May 2014 three Wheeler sales growth was reported at 5.29% over the same period last year. Passenger Carriers and Goods Carriers sales growth stood at 6.08% and 2.21% in April-May 2014 over April-May 2013.
14.03% sales growth was reported for two wheelers in April-May 2014 over April-May 2013. Scooters, motorcycles and mopeds grew by 30.32%, 9.93%, and 1.6% in April-May 2014 over April-May 2013.
Indian auto market growth in exports stood at 22.23% in April-May 2014. Passenger Vehicles, Commercial Vehicles and Two Wheelers grew by 0.87%, 20.80%, and 33.89% respectively. Three wheeler sales decline for April-May 2014 stood at 5.38% over April-May 2013.