Positive Growth Across Automobile Segments Continues

MUMBAI:
The automobile industry produced a total 26,402,671 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-February 2018 as against 23,078,120 in April-February 2017, registering a growth of 14.41 percent over the same period last year.
The domestic sale of Passenger Vehicles grew by 8.04 percent in April-February 2018 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicle and Vans grew by 3.62 percent, 21.34 percent and 4.25 percent respectively in April-February 2018 over the same period last year.
The overall Commercial Vehicles segment grew by 19.30 percent in April-February 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) grew by 11.91 percent and Light Commercial Vehicles grew by 24.64 percent in April-February 2018 over the same period last year.
Three Wheelers sales grew by 19.11 percent in April-February 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier & Goods Carrier sales registered a growth of 22.36 percent and 6.80 percent respectively in April-February 2018 over April-February 2017.
Two Wheelers sales registered a growth at 14.47 percent in April-February 2018 over April-February 2017. Within the Two Wheelers segment, Scooters and Motorcycles grew by 21.18 percent and 12.66 percent respectively, while Mopeds declined by (-) 4.83 percent in April-February 2018 over April-February 2017.
In April-February 2018, overall automobile exports increased by 15.81 percent. Two and Three Wheelers Segments registered a growth of 20.30 percent and 37.02 percent respectively, while Passenger Vehicles and Commercial Vehicles declined by (-) 1.80 percent and (-) 13.26 percent respectively in April-February 2018 over the same period last year.