Indian Automotive Industry Indicates Slowdown in 2012- SIAM

Production

The cumulative production data for April-December 2012 shows production growth of only 2.16 percent over the same period last year. The industry produced 1,697,625 vehicles in December 2012 as against 1,677,588 in December 2011, with marginal growth at 1.19 percent.

Domestic Sales

The overall growth in domestic sales during April-December 2012 was 4.57 percent over the same period last year. However, in December 2012, overall sales grew only marginally by 2.77 percent over December 2011.

Passenger Vehicles segment grew at 8.37 percent during April-December 2012 over same period last year. Passenger Cars declined by -0.33 percent, Utility Vehicles grew by 59.10 percent and Vans grew by 3.71 percent during April-December 2012 as compared to the same period last year. However, in December 2012 passenger car sales fell by (-12.51) percent over December 2011. Total passenger vehicles sales also declined by (-1.13) percent in December 2012 over same month last year.

The overall Commercial Vehicles segment registered marginal growth of 0.74 percent in April-December 2012 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered decline at (-19.13) percent, Light Commercial Vehicles grew at 15.61 percent. In December 2012, M&HCVs sales declined by (-38.34) percent over December 2011. Three Wheelers sales grew by 4.96 percent in April-December 2012. Passenger Carriers grew by 8.96 percent during April-December 2012 and Goods Carriers registered de-growth at (-10.29) percent during this period.

Two Wheelers registered a growth of only 4.09 percent during April-December 2012. Scooters, mopeds and motorcycles grew by 18.44 percent, 1.80 percent and 0.77 percent respectively over same period last year. However, in December 2012 Scooters and Motorcycles grew by 6.40 percent and 4.83 percent respectively, while mopeds declined by (-6.88) percent over the same period last year.

Exports

During April-December 2012, overall automobile exports registered de-growth of (-2.92) percent compared to the same period last year. Passenger Vehicles grew by 10.52 percent, while the other segments like Commercial Vehicles, Three Wheelers and Two Wheelers fell by -4.76 percent, -20.88 percent and -2.79 percent respectively. In December 2012 Passenger Vehicles, Two & Three wheelers segment grew by 31.59 percent 9.36 percent and 4.63 percent respectively, while Commercial Vehicles declined by -25.79 percent.