In the beginning of the year 2015, Indian Automobile Overview started to show positive sign. It has noted same growth of that in last year December i.e. 7%. Total Production was 3,700,452 units as compare to 3,461,305 and 6.9% rise as compared to Jan 2014 with regards to production, domestic sales and Export. Export has registered double digit growth which is presented as 17%.
There is positive reflection in Auto Industry. Commercial Vehicle segment is also on the growing path. It is a positive sign for Indian economy which is directly co related to the performance of Truck and Bus production & Sales. Vendors of the Industry are also seeing some growth for their business. Three production growths are impressive with 15%. Two Wheeler segment also went down by 1%, Passenger vehicle, Commercial Vehicle and Three Wheeler segments are gained market share.
Domestic sales in January 2015 went up by 2%. Three wheeler sales are impressive in the beginning of the year. There is good sign of commercial vehicle sales. After some market correction, we will see impact on ground level also. Our commercial vehicle forecast report has shown three different business cases and all Business case analyzed that, there will be positive trend but it will be for some segment only. We have considered around 50 parameters to forecast the sales of Auto Industry.
In Sales, Two Wheeler is the market leader among all segments with around 80% share. Car, SUV, MUV, VAN (PV) capture market share. Recently reduction of fuel prices will impact in its sales.
Auto Export was 266,075 units and shown 7% growth. Commercial vehicle is on top in Exporting of vehicles. It excludes BharatBenz and MAN. Passenger vehicle at the second spot gained 5% growth. There is good market potential for Two Wheeler export. In Export, all Auto vertical gained market share except Commercial vehicle which is flat.
Source: Autobei, SIAM