Talking points! Car owners, you just can't miss out on this SIAM Automobile Data - Check Highlights
The Society of Indian Automobile Manufacturers (SIAM) on Tuesday released the data of production, domestic sales and exports of the Automobile Industry for the month of May 2019.
The Society of Indian Automobile Manufacturers (SIAM) on Tuesday released the data of production, domestic sales and exports of the Automobile Industry for the month of May 2019. Also, the not for profit apex national body representing all major vehicle and vehicular engine manufacturers in India released cumulative data for April-May 2019. Here are top things to know from the data released by SIAM:-
Production
-The industry produced a total 4,879,375 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-May 2019 as against 5,380,019 in April-May 2018, registering a de-growth (-) 9.31 percent over the same period last year.
Domestic Vehicles
-The sale of Passenger Vehicles declined by (-)18.82 percent in April-May 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 22.98 percent, (-) 6.15 percent and (-) 28.57 percent respectively in April-May 2019 over the same period last year.
-The overall Commercial Vehicles segment registered a decline of (-) 8.05 percent in April-May 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 16.72 percent and Light Commercial Vehicles declined by (-) 2.44 percent in April-May 2019 over the same period last year.
-Three Wheelers sales declined by (-) 6.56 percent in April-May 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 7.55 percent and Goods Carrier declined by (-) 2.53 percent in April-May 2019 over April-May 2018.
-Two Wheelers sales registered a de-growth of (-) 11.68 percent in April-May 2019 over April-May 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 17.67 percent, (-) 8.36 percent and (-) 17.72 percent respectively in April-May 2019 over April-May 2018.
Exports
-In April-May 2019, overall automobile exports declined by (-) 0.27 percent. While Passenger Vehicles and Two Wheelers exports grew by 5.24 percent and 1.65 percent respectively and Commercial Vehicles and Three Wheelers registered a de-growth of (-) 55.01 percent, and (-) 10.91 percent respectively in April-May 2019 over the same period last year.
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