Last Updated: 4/11/2017 2:38:00 AM
The cumulative production data for April to March 2012 shows production growth of 13.83% over same period last year. In March 2012 as compared to March 2011, production grew at a single digit rate of 6.83%. In 2011-12, the industry produced 20,366,432 vehicles of which share of two wheelers, passenger vehicles, three wheelers and commercial vehicles were 76%, 15%, 4% and 4% respectively.
The growth rate for overall domestic sales for 2011-12 was 12.24 percent amounting to 17,376,624 vehicles. In the month of only March 2012, domestic sales grew at a rate of 10.11% as compared to March 2011.
Passenger Vehicles segment grew at 4.66% during April to March 2012 over same period last year. Passenger Cars grew by 2.19%, Utility Vehicles grew by 16.47% and Vans by 10.01% during this period. In March 2012, domestic sales of Passenger Cars grew by 19.66% over the same month last year. Also, sales growth of total passenger vehicle in the month of March 2012 was at 20.59% (as compared to March 2011). For the first time in history car sales crossed two million in a financial year.
The overall Commercial Vehicles segment registered growth of 18.20% during April to March 2012 as compared to the same period last year. While Medium & Heavy Commercial Vehicles registered a growth of 7.94%, Light Commercial Vehicles grew at 27.36%. In only March 2012, commercial vehicle sales registered a growth of 14.82% over March 2011.
Three Wheelers sales recorded a decline of (-) 2.43 percent in April to March 2012 over same period last year. While Goods Carriers grew by 6.31% during April to March 2012, Passenger Carriers registered decline by (-) 4.50%. In March 2012, total Three Wheelers sales declined by (-) 9.11% over March 2011.
Total Two Wheelers sales registered a growth of 14.16% during April to March 2012. Mopeds, Motorcycles and Scooters grew by 11.39%, 12.01% and 24.55% respectively. If we compare sales figures of March 2012 to March 2011, the growth for two wheelers was 8.27%.
During April to March 2012, the industry exported 2,910,055 automobiles registering a growth of 25.44%. Passenger Vehicles registered growth at 14.18% in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 25.15%, 34.41% and 27.13% respectively during April to March 2012. For the first time in history car exports crossed half a million in a financial year.
In March 2012 compared to March 2011, overall automobile exports registered a growth of 17.81%