Auto Industry Domestic Sales Declines (-)18.66% in December on account of Demonetization and Year-end Impact
Cumulative YoY Domestic Sales Growth Moderates to 9.42 %
Production
The industry produced a total 19,236,932 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-December 2016 as against 17,925,959 in April-December 2015, registering a growth of 7.31 percent over the same period last year.
Domestic Sales
The sales of Passenger Vehicles grew by 8.59 percent in April-December 2016 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 2.46 percent, 32.99 percent and 1.67 percent respectively during April-December 2016 over the same period last year.
The overall Commercial Vehicles segment registered a growth of 3.52 percent in April-December 2016 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 1.82 percent and Light Commercial Vehicles grew by 7.56 percent during April-December 2016 over the same period last year.
Three Wheelers sales grew by 1.88 percent in April-December 2016 over the same period last year. Passenger Carrier sales declined by (-) 0.65 and Goods Carrier sales grew by 13.86 percent in April-December 2016 over April- December 2015.
Two Wheelers sales registered a growth at 10.04 percent during April-December 2016 over April-December 2015. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 15.73 percent, 6.30 percent and 26.59 percent respectively in April-December 2016 over April- December 2015.
Exports
In April-December 2016, overall automobile exports declined by (-) 7.37 percent. While Passenger Vehicles and Commercial Vehicles exports registered a growth of 17.40 percent and 10.94 percent respectively, exports of Three Wheelers and Two Wheelers declined by (-) 34.76 percent and (-) 9.70 percent respectively in April-December 2016 over April-December 2015.