Society Of Indian Automobile Manufacturers(SIAM) has released the monthly sales data (production, domestic sales and exports data)of Automobile industry for the month of May 2016 and cumulative for April-May 2016 today.
The industry produced a total 4,312,859 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-May 2016 as against 3,875,828 in April-May 2015, registering a growth of 11.28 percent over the same month last year.
The sales of Passenger Vehicles grew by 8.65 percent in April-May 2016 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 0.50 percent, 39.37 percent and 6.69 percent respectively during April-May 2016 over the same period last year.
The overall Commercial Vehicles segment registered a growth of 17.12 percent in April-May 2016 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth at 21.49 percent and Light Commercial Vehicles grew by 13.93 percent during April-May 2016 over the same period last year.
Three Wheelers sales grew by 31.75 percent in April-May 2016 over the same month last year. Passenger and Goods Carrier sales grew by 36.93 percent and 11.96 percent respectively in April-May 2016 over April-May 2015.
Two Wheelers sales registered a growth at 15.29 percent during April-May 2016 over April–May 2015. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 30.27 percent, 9.54 percent and 14.77 percent respectively in April-May 2016 over April-May 2015.
In April-May 2016, overall automobile exports declined by (-) 9.64 percent. While Passenger Vehicles and Commercial Vehicles registered a growth of 3.51 percent and 1.65 percent, Three Wheelers and Two Wheelers declined by (-) 54.27 percent and (-) 3.95 percent respectively in April-May 2016 over April-May 2015.