Indian Auto Industry Continues Its Downwards Trend

Indian Auto Industry: Summary report for the month of July 2013

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The Indian auto industry produced a total 1,729,002 vehicles (consisting of passenger vehicles, commercial vehicles, three wheelers and two wheelers) in July 2013 as against 1,745,532 in July 2012, thereby registering a decline of (-) 0.95 percent over the same month last year.

The overall domestic sales during April-July 2013 declined by (-) 2.09 percent over the same period last year.

The sales of Passenger Vehicles declined by (-) 7.49 percent during April-July 2013 over the same period last year. Within the Passenger Vehicles, passenger cars, utility vehicles and vans dropped by (-) 9.73 percent, (-) 1.03 percent and (-) 2.39 percent respectively during April-July 2013 compared to the same period last year.

The overall Commercial Vehicles segment registered a de-growth of (-) 9.91 percent in April-July 2013 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at (-) 16.65 percent and Light Commercial Vehicles also dropped by (-) 6.11percent.

Three Wheelers sales declined by (-) 3.45 percent in April-July 2013 over the same period last year. Passenger Carriers and Goods Carriers also declined by (-) 2.84 percent and (-) 6.05 percent respectively in April-July 2013 over April-July 2012.

Two Wheelers segment registered de-growth of (-) 0.64 percent during April-July 2013 over April-July 2012. Within the Two Wheelers segment, mopeds and motorcycles declined by (-) 13.07 percent and (-) 3.40 percent respectively, while scooters grew by 13.11 percent in April-July 2013 over April-July 2012.

During April-July 2013 overall automobile exports declined by (-) 3.37 percent. Commercial vehicles and Two Wheelers declined by (-) 26.53 percent, (-) 9.88 percent respectively. The only saving grace was the growth registered by exports of passenger vehicles (2.39 percent) and three wheelers (46.47 percent) during April-July 2013 compared to the same period last year.

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