The growth of the Passenger Vehicles segment during April – July 2008 was 10.97 percent, which is lower than the first quarter growth of 15.08 percent. Passenger Cars grew by 8.91 percent, Utility Vehicles by 16.03 percent and Multi Purpose Vehicles by 24.62 percent in this period.

The overall Commercial Vehicles also grew by 8.00 percent, which is lower than the first quarter growth of 9.59 percent. Medium & Heavy Commercial Vehicles grew at 5.45 percent and Light Commercial Vehicles recorded a growth of 11.13 percent.

Three Wheelers sales recorded improvement in April – July 2008 over the first quarter growth. Three Wheelers sales grew by 3.28 percent. While Passenger Carriers grew by 18.62 percent during April - July 2008, Goods Carriers declined by 21.71 percent.

Two Wheelers also registered higher growth of 9.91 percent during this period than the first quarter growth of 7.15 percent. Motorcycles and Scooters grew by 10.95 percent and 7.03 percent respectively. Mopeds grew by 3.38 percent. Electric two wheelers segment also grew by 20.50 percent.

Exports

The period from April – July 2008 saw automobile exports registering a growth of 23.92 percent, but not all segments registered positive growth.

Passenger Vehicles and Two Wheelers segment grew by 42.66 and 27.04 percent respectively. Exports of Commercial Vehicles segment declined by 4.12 percent. Three Wheelers exports also declined by 10.22 percent in this period.

Courtesy: Society of Indian Automobile Manufacturers (SIAM), India

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Posted by Naresh Koshti on 12 August, 2008 11:13:42 AM IST #