SIAM Taking Stock

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Article by: CV

LCVs remain an area of concern

The Indian automotive industry produced a total of 9,784,602 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in April-August 2015 as against 9,608,075 in April-August 2014, registering a marginal growth of 1.84 per cent over the same period last year. The Commercial Vehicles segment registered a growth of 6.03 per cent in April-August 2015 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth at 26.96 per cent while Light Commercial Vehicles (LCVs) declined by 5.69 per cent during April-August 2015 over the same period last year. Three Wheeler sales declined by 9.30 per cent in April-August 2015 over the same period last year. Passenger Carrier and Goods Carrier sales declined by 9.78 per cent, and 6.96 per cent respectively in April-August 2015 over April-August 2014. In the area of exports, Commercial Vehicles posted a growth of 25.86 per cent.

In August 2015, 23,016 M&HCVs were sold in the domestic market, up 35.39 per cent when compared to 23,016 units during the corresponding period last year. In August 2015, 29,182 LCVs were sold, down 7.41 per cent when compared to 31,518 numbers sold during the corresponding period last year. In August 2015, 46,124 three wheelers were sold, posting a decline of 12.23 per cent when compared to 52,550 units sold in the corresponding period last year.