Auto Industry Growth Slows Down in January 2011

If the April to January 2011 combined production figures are considered, a straight jump of 28.86% is observed as compared to that of same period last year but on the other hand if the cumulative production for the month of January 2011 is measured against the 2010 January ones, a straight drop of 20% will be seen. The automobile industry faced a maximum growth in the year 2010 which resulted in bulk of launches in the Indian automobile market. But the same progress is not seen in the new year.

If the segment wise growth is considered, the passenger car market faced a remarkable growth of 30.97% in the period of April-January 2011 as against that of last year performance. The passenger vehicle segment faced a straight hike of 31.31% whereas the Utility Vehicles marked improved by 20.59% and the Multi-Purpose Vehicles marked a high swing of 46.53% during the same period. Looking at the sales figure marked by passenger car segment in the beginning of this new year, a jump of 26.28% is achieved as compared to the same period last year whereas if the total passenger vehicle segment is considered, a total jump of 24.68% is achieved.

Now considering the commercial Vehicles market in consideration, an upswing of 31.23% was achieved in the period of April-January 2011 as against the same period in the year 2010. looking at the medium & Heavy Commercial Vehicles (M&HCVs), a hike of 37.69%, in case of light Commercial Vehicles a jump of 26% was achieved. A remarkable growth of 13 per cent was achieved in this January sales figure against the same period last year.

The period of April-January 2011, the total automotive exports marked a hike of remarkable 30.96 %. coming to the Passenger Vehicles, a low swing of 2.87% was marked in this period.

Read More on : Audi A8 review