Indian Auto sector starts FY19 with a bang!

Society of Indian Automobile Manufacturers (SIAM) has reported the figures for April 2018, the first month of the financial year 2018-19. The auto industry in India has started on a positive note. The sale of Passenger Vehicles grew by 7.50 percent in April 2018 over the same month last year. The sales for Passenger Cars, Utility Vehicle and Vans grew by 4.89 percent, 11.92 percent and 18.99 percent respectively in April 2018 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 75.95 percent in April 2018 as compared to the same month last year. Medium and Heavy Commercial Vehicles (M&HCVs) increased by 169.26 percent and Light Commercial Vehicles grew by 43.92 percent in April 2018 over the same month last year.

Three Wheelers sales increased by 54.17 percent in April 2018 over the same month last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 63.64 percent and Goods Carrier grew by 25.66 percent in April 2018 over April 2017. Two Wheelers sales registered a growth at 16.92 percent in April 2018 over April 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 12.63 percent, 19.38 percent and 16.86 percent respectively in April 2018 over April 2017.

Production

The industry produced a total of 2,645,618 vehicles including passenger vehicles, commercial vehicles, three wheelers, two-wheelers and quadricycle in April 2018 as against 2,242,965 in April 2017, registering a growth of 17.95 percent.

Exports

In April 2018, overall automobile exports grew by 24.21 percent. While Passenger Vehicles exports declined by 15.89 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 51.99 percent, 88.16 percent and 26.85 percent respectively.

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