This year we gathered the figures from 2015 which gave an overview of the Indian Automobile Industry. This gave an individualized comprehensive view of Production, Sales and Export sectors. The Industry is proud to have produced a total of 2,35,88,033 units in 2015 as compared to 2,32,60,522 units in 2014, recording a growth of 1.5% over this time.
The Domestic sales have also shot up by 1.9% from 1,96,93,074 units sold in 2014 to an astounding 2,00,61,716 units in the year 2015. Domestic sales witnessed the highest growth in the Commercial vehicles segment. The medium and heavy duty vehicle segments have also shown a significant increase in sales over the year. However, the LCV segment faced the harsh reality of an exorbitant downfall during the same time. This segment is struggling to maintain its foothold over its position in the sales market.
The Export on the other hand has grown by a meagre 0.6% from 35,88,746 units to 36,10,883 units exported in the period 2014-15. The LCV segment is dictated by Tata Motors which unfortunately saw a dilapidation in the truck LCV segment. One of the exemplar companies, Isuzu surprisingly also saw a downfall. Added to list of negative growth candidates also comes AMW in the M&HCV segment. Companies like Tata Motors, Ashok Leyland, Mahindra & Mahindra , SML Isuzu, Volvo, Eicher, and Bharat Benz have shown a pleasantly positive increase in export of the M&HCV segment.
In stark contrast, the two wheeler segment was badly affected in rural markets. Instead of growth, this segment recorded a 0.69% decline in sales. Premium segment bikes failed to perform last year. A slightly lesser negative growth was attained by the scooter segment. Companies like Mahindra and Yamaha saw their growth reach double digit figures. This could be attributed to their informational and entertaining commercial ads on all leading TV channels. On a related note, Royal Enfield was voted best performer of the year.
The Three wheeler segment also saw a 3.28% decline in sales. Very minor growth was seen by companies like Atul Auto and TVS. Sales have dwindled down steadily in the multi utility vehicles segment also. From positive growth, maintaining position is becoming a priority as more and more companies like Mahindra and Mahindra are launching new products to combat for the decline. Creta is one of the pioneers of this department.
Production Overview 2015:
The industry produced a total of 2,00,61,716 vehicles including passenger vehicles, commercial vehicles, three wheeler and two wheeler in 2015 as against 1,96,93,074 vehicles in 2014, registering a growth of 1.87 percent over the same period last year.
Domestic Sales 2015:
The sales of Passenger Vehicles grew by 7.86 percent in 2015 over the same period last year.
The overall Commercial Vehicles segment registered a de-growth of 7.86 percent in 2015 as compared to same period last year.
Three Wheeler sales declined by 3.28 percent in 2015 over the same period last year.
Two Wheeler sales registered growth of 0.86 percent in in 2015 over 2014.
Export Overview 2015:
In 2015, overall automobile exports grew by 0.62 percent over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheeler and Two Wheeler grew by 1.61 percent, 13.24 percent, 4.42 percent and 0.69 percent respectively during 2015 over the same period last year.
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