Motorcycle, LCV sales dip; Scooter, passenger car and M&HCV sales up

May 2015 has been a good month for scooters, mopeds, passenger cars, and medium and heavy commercial vehicles (M&HCVs). According to the latest SIAM data, the domestic sales of passenger vehicles increased by 4.67pc in the month of May 2015 as compared to the corresponding period last year. May 2015 sales of passenger vehicles stood at 217671 units for May 2015 as compared to 207953 units in May 2014. But it was passenger cars that saved the situation as this segment grew by 7.73 pc while sales of passenger utility vehicles and vans decreased.

Meanwhile, the industry produced a total 3,873,056 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in April-May 2015 as against 3,852,542 in April-May 2014, registering a marginal growth of 0.53 percent over the same period last year.

The sales of Passenger Vehicles grew by 9.98 percent in April-May 2015 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 12.70 percent, 2.16 percent and 6.11 percent respectively during April-May 2015 over the same period last year

The overall Commercial Vehicles segment registered a growth of 5.16 percent in April-May 2015 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth at 24.66 percent while Light Commercial Vehicles declined by (-) 5.59 percent during April-May 2015 over the same period last year.

Three Wheelers sales declined by (-) 6.37 percent in April-May 2015 over the same period last year. Passenger Carriers and Goods Carriers declined by (-) 7.63 percent and (-) 1.22 percent respectively in April-May 2015 over April-May 2014.

Two Wheelers sales registered a de-growth of (-) 0.73 percent in April-May 2015 over April-May 2014. Within the Two Wheelers segment, Scooters, and Mopeds grew by 3.94 percent and 7.48 percent respectively while Motorcycles dropped by (-) 2.91 percent in April-May 2015 over April-May 2014.

In April-May 2015, overall automobile exports grew by 5.73 percent. Passenger Vehicles, Commercial Vehicles and Three Wheelers registered a growth at 13.64 percent, 26.48 percent and 51.89 percent respectively while Two Wheelers declined by (-) 3.04 percent in April-May 2015 over April-May 2014.

Source: SIAM