Auto Sales Show Signs of Slow Down
The cumulative production data for April-May 2011 shows production growth of 19.36 percent over same period last year. In May 2011 as compared to May 2010, production grew at 18.43 percent.The growth rate recorded for April-May 2011 was 16.34 percent. However, the month of May 2011 registered a lower growth rate of 13.40 percent as compared to May 2010.
Passenger Vehicles segment grew at 11.01 percent during April-May 2011 over same period last year. Passenger Cars grew by 10.04 percent, Utility Vehicles grew by 5.61 percent and Vans grew by 29.57 percent in this period. In May 2011, Passenger Cars, Utility Vehicles and Vans registered low growth at 7 percent, 4.98 percent and 23.31 percent respectively.The overall Commercial Vehicles segment registered growth of 12.16 percent during April-May 2011 as compared to the same period last year. While Medium Heavy Commercial Vehicles (MHCVs) registered marginal growth of 4.58 percent, Light Commercial Vehicles grew at 18.73 percent. However, the sales in the month of May 2011 over May 2010 was low with growth of only 16.16 percent.
Three Wheelers sales recorded a growth rate of 5.27 percent in April-May 2011. Passenger Carriers grew by only 2.37 percent during April-May 2011.Two Wheelers registered a growth of 18.08 percent during April-May 2011. Mopeds, Motorcycles and Scooters grew by 21.12 percent, 18.63 percent and 14.54 percent respectively.If we compare May 2011 to May 2010, the growth figures for two wheelers, it is also lower at 8.60 percent and 14.49 percent respectively.
During April-May 2011, overall automobile exports registered a growth rate of 30.03 percent. Passenger Vehicles registered growth at 8.32 percent in this period. Commercial Vehicles and Two Wheelers segments recorded growth of 46.13 percent, 47.71 percent and 32.27 percent respectively during April-May 2011.In May 2011 compared to May 2010, overall automobile exports registered a lower growth of 30.49 percent.