CV sales in June 2016

Commercial Vehicle - - WHAT'S INSIDE -

The In­dian auto in­dus­try pro­duced 6,431,495 ve­hi­cles in the first quar­ter (April-June 2016) of this fis­cal, clock­ing a growth of 11.74 per cent, as com­pared to 5,775,638 ve­hi­cles pro­duced dur­ing the cor­re­spond­ing quar­ter last fis­cal. While ex­ports were to be a mat­ter of con­cern, the do­mes­tic mar­ket clocked a dou­ble digit growth in the first quar­ter of FY2017. In June 2016, a to­tal of 1,795,894 ve­hi­cles were sold in In­dia, clock­ing a growth of 10.7 per cent, as com­pared to 1,622,254 ve­hi­cles sold dur­ing the cor­re­spond­ing month last year.

The Com­mer­cial Ve­hi­cles seg­ment clocked a growth of 12.99 per cent in April-June 2016, clock­ing a sale of 166,956 ve­hi­cles as com­pared to 147,757 units sold dur­ing the cor­re­spond­ing quar­ter last fis­cal. In June 2016, 56,032 CVs were sold, clock­ing a growth of 5.63 per cent, as com­pared to 53,044 units sold dur­ing the same pe­riod last year. Medium & Heavy Com­mer­cial Ve­hi­cles (M&HCVs) reg­is­tered a growth at 14.49 per cent, clock­ing a sale of 71,072 ve­hi­cles dur­ing the first quar­ter of this fis­cal as com­pared to 62,076 ve­hi­cles sold dur­ing the cor­re­spond­ing pe­riod last fis­cal. In June 2016, 22,606 M&HCVs were sold, clock­ing a growth of 1.90 per cent, as com­pared to 22,184 units sold dur­ing the cor­re­spond­ing month last year. While the M&HCV sales show a con­sid­er­able drop when com­pared to May 2016 sales, Light Com­mer­cial Ve­hi­cles sales also dis­played mod­er­a­tion. Clock­ing a growth of 5.63 per cent, 33,426 LCVs were sold in June 2016 as com­pared to 30,860 units sold dur­ing the same month last year. Dur­ing the first quar­ter of this fis­cal, LCVs grew by 11.91 per cent, clock­ing sales of 95,884 units as com­pared to 85,681 units sold dur­ing the cor­re­spond­ing pe­riod last fis­cal. Dur­ing the first quar­ter of this year, 139,497 three-wheel­ers were sold, clock­ing a growth of 23.39 per cent, as com­pared to 113,050 units sold dur­ing the cor­re­spond­ing pe­riod last fis­cal. In June 2016, 48,373 three-wheel­ers were sold, clock­ing a growth of 10.22 per cent, as com­pared to 43,886 units sold dur­ing the cor­re­spond­ing month last year.

Ex­ports

In April-June 2016, over­all ex­ports de­clined by (-) 9.70 per cent. Com­mer­cial Ve­hi­cles ex­ports reg­is­tered a growth of 7.22 per cent dur­ing the first quar­ter, with 26,159 units ex­ported as com­pared to 24,397 units sold dur­ing the cor­re­spond­ing pe­riod last fis­cal. In June 2016, 10,183 units of CVs were ex­ported, clock­ing a 17.32 per cent, as com­pared to 8,680 ex­ported dur­ing the cor­re­spond­ing pe­riod last year. In April-June 2016, 65,832 units of three wheel­ers were ex­ported, clock­ing a de­cline of (-) 46.22 per cent, as com­pared to 122,410 units ex­ported dur­ing the cor­re­spond­ing pe­riod last fis­cal. In June 2016, 26,371 three wheel­ers were ex­ported, mark­ing a de­cline of (-) 26.99 per cent, as com­pared to 36,119 ex­ported dur­ing the cor­re­spond­ing pe­riod last year. 92 quadri­cy­cles were ex­ported in June 2016.

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