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Auto sector posts robust 15.16% sales growth in April-May 2018

June 11, 2018

The industry produced a total 5,378,591 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-May 2018, against 4,670,687 in April-May 2017.

The industry produced a total 5,378,591 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-May 2018, against 4,670,687 in April-May 2017, registering a growth of 15.16 per cent over the same period last year, according to a data released by Society of Indian Automobile Manufacturers (SIAM).

The sales of passenger vehicles grew by 13.28 per cent in April-May 2018 over the same period last year. Within the passenger vehicles, passenger cars, utility vehicles and vans grew by 11.77 per cent, 14.71 per cent and 24.11 per cent, respectively during April-May 2018 over the same period last year.

The overall commercial vehicles segment registered a growth of 57.44 per cent in April-May 2018, compared to the same period last year.

Medium & Heavy Commercial Vehicles (M&HCVs) grew by 114.79 per cent and Light Commercial Vehicles grew by 34.27 per cent during April-May 2018 over the same period last year.

May's high growth numbers are reflection of low numbers of last year because of GST implementation in June last year and after effects of BS-IV implementation.

Also, new launches like Yaris and Amaze have pushed the passenger cars sales.

However, this needs to be viewed in the backdrop of low base last year after change over from BS-III to BS-IV.

Three Wheelers sales grew by 53.01 per cent in April-May 2018 over the same period last year. Within the three wheelers, passenger carrier sales registered a growth of 64.31 per cent and Goods Carrier sales grew by 19.34 per cent in April-May 2018 over April-May 2017. The growth further continues on the back of monsoon sales and infra expense.

Two Wheelers sales registered a growth of 13.04 per cent in April-May 2018 over the same period last year.

Within the Two Wheelers segment, Scooters and Motorcycles grew by 5.76 per cent, 17.24 per cent, while Mopeds grew by 9.82 per cent in April-May 2018 over April- May 2017. Inventory correction in scooters led to negative sales.

In April-May 2018, overall automobile exports increased by 24.03 per cent. Two and three wheelers segments registered a growth of 25.18 per cent and 79.12 per cent, respectively. While Passenger vehicles exports declined by (-) 6.45 per cent and commercial vehicles grew by 33.02 per cent in April-May 2018 over the same period last year.

indiatimes