Indian Automobile sales at 3.5% growth in FY 2013-14 Indian automobile vehicle market analysis, annual sales 2014, Fy 2013-14 analysis

Indian Automobile sector witnessed sales growth of 3.5% in financial year 2013-14 at 17,793,301 units against 18,424,538 units sold during 2012-13.

The total automobile production during the year stood at 20,649,811 units, which marked 4% increased as in comparison with the production during 2012-13. Exports went up by 7% at 3,107,893 units during 2013-14 against 2,898,907 units exported during 2012-13.

Domestic sales Grow by 4%

The total domestic sales for 2013-14 recorded 4% growth at 18,421,538 units against 17,793,701 units sold during 2012-13. Two Wheeler Domestic Sales recorded positive growth of 7% in FY 13-14 against FY 12-13 while Passenger Vehicle sales fall by 6%. Commercial Vehicle sales registered 20% de-growth while three wheeler sales fell by 11%.

Exports Grew By 7%

The total exports for the FY 2013-14 registered 3,107,893 units against 2,898,907 units sold during FY 2012-13, marking 7% growth. Three wheeler exports recorded a healthy growth of 17% in FY 2013-14 two wheeler segment registered 7% growth. Passenger Vehicle exports stood 6% higher as Commercial Vehicle sales declined by 4%.

Overall Production at 4% Growth

Two Wheeler production increased by 7% during FY 2013-14 as against FY 2012-13 while passenger vehicle production decreased by 4.9%. The financial year 2013-14 also witnessed considerable reduction in Commercial Vehicle Production by 16%.

Source – ACG, SIAM

Autobei Consulting Group

‘Autobei Consulting Group (ACG) ’ is a management consulting group which has leveraged on its expertise and proprietary databases to provide "Customized Solutions" in areas such ‘Sales Analysis’, ‘Business Planning’, ‘Market assessment’ and ‘Project Feasibility’ on Global Automotive Industry. Autobei Consulting Group (ACG) make use of the expertise and vast experience to deliver Cutting Edge Research Solutions.

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