Passenger cars sales continue to Slide

The cumulative production data for April-October shows overall production growth of 13.69 percent over same period last year. However, production of passenger cars and buses have registered de-growth during this time. Production in October 2011 also registered de-growth at (-) 1.80 percent as compared to October 2010. The overall sales growth rate recorded for April-October 2011 was 11.81 percent. However, the month of October 2011 registered de-growth at (-) 1.05 percent as compared to October 2010. Passenger Vehicles segment declined by (-) 1.77 percent during April-October 2011 over same period last year.

Passenger Cars recorded de-growth of (-) 5.05 percent, Utility Vehicles grew by 8.35 percent and Vans grew by 13.21 percent in this period. In October 2011, Passenger Cars, Utility Vehicles and Vans recorded de-growth at (-) 23.77 percent, 0.41 percent and (-) 17.57 percent respectively. And growth in overall Passenger Vehicles declined at (-) 20.25 percent in the month of October 2011. During April-October 2011, overall automobile exports registered a growth rate of 29.70 percent. Passenger Vehicles registered growth at 19.52 percent in this period. Two Wheelers, Commercial Vehicles and Three Wheelers segments recorded growth of 29.86 percent, 26.84 percent and 45.47 percent respectively during April-October 2011. In October 2011 compared to October 2010, overall automobile exports registered a growth of 14.55 percent.

Read More on : Mahindra Thar price in India