Auto Industry’s Monthly Growth Lower than 2010-11 Cumulative Growth
The cumulative sales data for April-February 2011 shows domestic sales growth of 26.92 percent over same period last year. In February 2011 as compared to February 2010, domestic sales grew at 21.32 percent.
Passenger Vehicles segment grew at 29.85 percent during April-February 2011 over same period last year. Passenger Cars grew by 30.34 percent, Utility Vehicles grew by 19.69 percent and Multi-Purpose Vehicles grew by 43.28 percent in this period. February 2011 figures for domestic sales of Passenger Cars show a growth of only 22.63 percent over the same month last year. However, in absolute numbers, this segment recorded highest ever sales. Total passenger vehicle sales figures for February 2011 compared to February 2010 shows growth stands at 20.88 percent.
The overall Commercial Vehicles segment registered growth of 28.65 percent during April-February 2011 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered growth of 34.18 percent, Light Commercial Vehicles grew at 24.08 percent. In contrast to the last February sales figures, February 2011 registered a growth of only 10 percent.
During April-February 2011, overall automobile exports registered a growth rate of 30.62 percent. Passenger Vehicles registered decline and the growth rate was (-) 0.86 percent in this period. Commercial Vehicles, recorded growth of 72.82 percent, 59.29 percent and 36.97 percent respectively during April-February 2011. In February 2011 compared to February 2010, overall automobile exports registered a growth of 27.57 percent.
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