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.