Indian auto industry overall sales growth in January 2015

Indian auto industry overall sales growth in January 2015

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Indian auto industry produced a total of 1,976,270 vehicles (passenger vehicles, commercial vehicles, three wheelers and two wheelers) in January 2015, over 1,937,489 in January 2014 to register 2 pct growth for the month. Passenger vehicles domestic sales grew by 3.62 pct in April-January 2015 over the same period last year. Passenger cars and utility vehicle growth stood at 4.79 pct and 5.58 pct respectively. Van sales declined by 12.15 pct in April-January 2015.

Indian auto industry
Indian auto industry awaits sustained demand revival.  Heavy commercial vehicles show good improvement in January 2015

Overall Indian auto industry commercial vehicle segment registered 4.60 pct sales decline in April-January 2015. Medium and Heavy Commercial Vehicles (M&HCVs) grew by 12.91 pct. Light Commercial Vehicles (LCV) declined by 12.42 pct. Three Wheeler sales grew by 13.63 pct in April-January 2015. Passenger carriers and goods carriers grew by 15.14 pct and 7.27 pct in April-January 2015 over April-January 2014.

Two Wheeler sales growth is reported at 9.97 pct in April-January 2015 over April-January 2014. Scooters, Motorcycles and Mopeds grew by 27.42 pct, 4.34 pct and 6.38 pct respectively in April-January 2015.

In April-January 2015, overall Indian auto industry exports grew 19.40 pct over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers grew by 6.66 pct, 14.73 pct, 18.98 pct and 23.30 pct, respectively.

SIAM reveals total Indian auto industry during January 2015 at 169,300 units over 164,149 units in Jan 2014. While car sales in India showed a marginal increase, it was not the same where two wheeler sales were concerned, owing to which automotive market growth stood at 1.66 pct. Motorcycle sales decline was 5.85 pct to 8,68,507 units. Total two-wheeler sales rose 1.07 pct to 13,27,957 units. Commercial vehicle sales grew 5.30 pct to 52,481 units sold in Jan 2015. Indian auto industry vehicle sales across categories registered an increase of 1.66 pct to 16,50,382 units, up from 16,23,429 units in January 2014.

Total passenger vehicle sales which included cars, utility vehicles and vans increased 3.17% to 2.30 lakh units with automakers such as Maruti Suzuki, Hyundai, Toyota and Nissan reporting increased sales.

In January, Maruti Suzuki was the largest volume driver for the Indian auto industry having posted growth of 7.94 pct in car sales with 89,014 units sold as against 82,461 units sold in January 2014. Hyundai Motors also reported growth of 3.87 pct with 34,643 units sold as against 33,351 units sold in the same month of the previous year while Honda Cars reported a decline in sales to the tune of 1.7 pct with 15,331 units sold in January 2015, as compared to 15,597 units sold a year ago in the same month.

Sales of Tata Motors saw an increase by 37.5 pct with 11,637 units sold as compared to 8,463 units sold in January 2014 while Mahindra sales dipped by 3.56 pct to 18,550 units as against 19,236 units in January 2014. Indian auto industry awaits positive developments at the Union budget announcement in February 2015 to further boost sales volumes, and foster positive consumer sentiment.