Indian Automobile Industry shown around 7% growth in December 2014 compare to December 2013. It produced 1,850,616 units compare to 1,741,237 units same month of the last year. In production it registered 6.3% growth. In Indian market Total Automobile sales was 1,512,881 Units compare to 1,431,543 units of the same month of the last year. In export there is jump of around 17% in December 2014 compare to 3,461,305 units in the last year of the same month.
In Year 2014, it registered double digit growth of 10% compare to December 2013. In Year 2014 also export performance was better then domestic sales and production. It Production it noted 10% and in Domestic sales it registered 9% growth.
In December 2014, Two wheeler noted 4% sales growth by selling 1,212,996 vehicles which is the biggest segment in India. In Passenger vehicle, it sold 209,025 vehicles and registered 12% sales growth, Commercial Vehicle Industry shown 9% sales growth and touched more than 50,000 units and Three Wheeler segment registered 13% sales growth in December 2014 compare to December 2013. In Total Automobile Industry shown 6% growth.
In December 2014, Two Wheeler Industry produced 1,478,053 units compare to 1,402,122 units. Passenger vehicle (Car, SUV,MUV,Van) shown 8% growth, Commercial Vehicle (Truck & Bus) shown 5% growth, Three wheeler segment shown by impressive growth of 19%. Passenger vehicle segment share increased from 13% to 13.3%. Total Automobile industry registered 6% growth compare to December 2013.
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Source: Autobei, SIAM