The Indian Automobile industry has experienced steady growth in the last six years and is looking forward for higher growth rate in the years to come. The market size is huge considering the increase in the buying power of the Indian middle class. The demand for passenger vehicles rose year after year. But the recent figures from SIAM suggest some amount of slow down in the overall demand. The segments like Vans, Medium and Heavy Commercial Vehicle and Goods carriers registered negative growth recently. The silver lining appears to be in the healthy growth registered by Two wheeler and the Passenger car segment.
FACTS & FIGURES
Production: The cumulative production data released for April-July 2012 indicates 7.10% growth in production over same period in the previous year. The industry produced 1, 746,840 vehicles in July 2012 as against 1,656,014 in July 2011.
Sales: During April-July 2012 the domestic sales for automobiles registered a growth rate of 9.34 percent over the same period in the previous year. Passenger Vehicles segment grew at 10.20 percent during April-July 2012 over same period last year. Passenger Cars grew by 5.55 percent, Utility Vehicles grew by 53.66 percent and Vans grew by (-12.73) percent during April-July 2012 as compared to same period last year. The overall Commercial Vehicles segment registered growth of 4.74 percent in April-July 2012 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&H-CVs) registered negative growth at (-12.75) percent, Light Commercial Vehicles grew at 18.02 percent. Three Wheelers sales recorded marginal growth at 0.81 percent in April-July 2012. Passenger Carriers grew by 4.93 percent during April-July 2012 and Goods Carriers registered de-growth at (-13.62) percent during this period. Two Wheelers registered a growth of 9.75 percent during April-July 2012. Mopeds, Motorcycles and Scooters grew by 4.02 percent, 6.35 percent and 26.71 percent respectively in the period of April-July 2012.
Exports: During April-July 2012 over-all automobile exports registered negative growth at (-4.03) percent. While Passenger Vehicles and Commercial Vehicles both grew by 9.14 percent. Two & Three wheelers declined by (-1.00) and (-39.23) percent respectively in April-July 2012 compared to the same period last year.
The demand for automobiles is mainly dominated by two wheelers. As per Society of Indian Automobile Manufacturers (SIAM) statistics for 2010-11, around 76% market share was grabbed by the two wheeler segment, followed by passenger vehicles at 16.25%, commercial vehicles at 4.36% and three wheelers commanding just 3.39% market share. In terms of the number of vehicles sold, the rise on y-o-y is quite encouraging. The number of vehicles sold in 2010-11 has touched 15,513,156, which was 7,897,629 in 2004-05. I.e. it has almost doubled in 6-7 years period.
Domestic Market Share for 2010-11 (in%)
Automobile Domestic Sales Trends
- Sandeep Sharma, Executive Editor / Project Reporter
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