Automobile exports drop 4 pc during April-July

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SME Times News Bureau | 10 Aug, 2012
Overall automobile exports from India have contracted 4.03 percent during April-July 2012, said the Society of Indian Automobile Manufacturers (SIAM) on Thursday.

While exports of passenger vehicles and commercial vehicles both grew by 9.14 percent, two & three wheelers declined by (-1.00) and (-39.23) percent respectively in April–July 2012 compared to the same period last year, said the data released by SIAM.

However, total sale of vehicles across categories registered a growth of 7.52 percent to 14,46,959 units in July 2012 as against 13,45,644 units in the same month of 2011.

The domestic sales of cars grew by 6.71 percent during July, it said.

According to the figures, given by apex industry body, the domestic car sales in July stood at 1,43,496 units as against 1,34,473 units in the same month last year.

"Car sales are growing mostly due to diesel models, which have also started seeing moderation in demand except for one or two models. This year's car sales growth has also been magnified by the low base of last year due to strike in Maruti," SIAM director general Vishnu Mathur told media.

Total two-wheeler sales in July 2012 increased by 7.45 percent to 11,32,696 units from 10,54,120 units in the same period of previous year.

Total sales of commercial vehicles rose by 1.2 percent to 65,008 units from 64,234 units in the year-ago period, SIAM said.

Light commercial vehicle sales grew 12.99 percent to 41,837 units in July 2012 from 37,027 units in July 2011.

In the three-wheeler category, sales went up marginally to 44,286 units from 43,948 units in the same month last year, SIAM added.