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
