SIAM said sales in India are likely to rise 2% to 4% this fiscal year to next March, down from an earlier forecast of 10% to 12%.SIAM proposes to scrap all private cars made before 1996 thus to drive sales of new vehicles.SIAM provides a window to the Indian Automobile industry and aims to enhance exchanges and communication, expand economics, trade and technical cooperation between the Automotive Industry and its international counterparts.In its latest reports SIAM said that passenger vehicle sales likely to slow to single-digits mainly due to falling demand. But it expects commercial vehicle sales to remain on a strong footing.
Production
Production
The cumulative production data for April-September 2011 shows production growth of 16.62 percent over same period last year. Production in September 2011 grew at 19.96 percent as compared to September 2010.
Domestic Sales
The cumulative growth rate of domestic sales recorded for April-September 2011 was 14.36 percent. September 2011 registered a growth rate of 19.39 percent as compared to September 2010.
Passenger Vehicles segment grew marginally at 1.84 percent during April-September 2011 over same period last year. Passenger Cars recorded de-growth at (-) 1.36 percent, Utility Vehicles grew by 9.84 percent and Vans grew by 19.24 percent in this period. In September 2011, Passenger Vehicles grew marginally by 1.43 percent over same period last year. Passenger Cars recorded de-growth at (-) 1.80 percent, Utility Vehicles and Vans recorded growth of 14.78 percent and 10.86 percent respectively.
The overall Commercial Vehicles segment registered a growth of 17.85 percent during April-September 2011 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered growth of 6.05 percent, Light Commercial Vehicles grew at 28.72 percent. However, in the month of September 2011 over September 2010, the growth in sales of the overall segment was 18.05 percent.
Three Wheelers sales recorded de-growth at (-) 0.04 percent in April-September 2011. While Passenger Carriers registered decline at (-) 3.70 percent during April-September 2011, Goods Carriers registered growth of 16.54 percent.
Two Wheelers registered a growth of 17.42 percent during April-September 2011. Mopeds, Scooters and Motorcycles grew by 13.51 percent, 23.02 percent and 16.47 percent respectively.
If we compare September 2011 to September 2010, the growth figures for two wheelers was 24.27 percent. Three Wheelers registered marginal growth at 0.90 percent in the month of September 2011.
Exports
During April-September 2011, overall automobile exports registered a growth rate of 32.31 percent. Passenger Vehicles registered growth at 21.01 percent in this period. Two Wheelers, Commercial Vehicles and Three Wheelers segments recorded growth of 32.34 percent, 35.91 percent and 49.55 percent respectively during April-September 2011.
In September 2011 compared to September 2010, overall automobile exports registered a growth of 39.62 percent.Reports SIAM
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