CV sales drag

Commercial Vehicle - - WHAT'S INSIDE -

The In­dian auto in­dus­try pro­duced 6,914,544 au­to­mo­biles in the pe­riod be­tween April 2017 and June 2017, reg­is­ter­ing a growth of 7.5 per cent as com­pared to the pro­duc­tion of 6,431,938 ve­hi­cles dur­ing the cor­re­spond­ing pe­riod last fis­cal. In April-June 2017, 162,077 Com­mer­cial Ve­hi­cles (CVs) were pro­duced, down (-) 21.17 per cent, as com­pared to 205,612 CVs pro­duced dur­ing the cor­re­spond­ing pe­riod last fis­cal. Sales of CVs in April-June 2017 was 151,837 units, down (-) 9.08 per cent when com­pared to the sale of 167,006 ve­hi­cles in the cor­re­spond­ing pe­riod last fis­cal. A to­tal of 56,890 CVs were sold in June 2017, up 1.44 per cent as com­pared to the sale of 56,082 CVs in June 2016. Medium & Heavy Com­mer­cial Ve­hi­cles (M&HCVs) recorded a de­cline of (-) 31.82 per cent in April-June 2017 with the sale of 48,493 units as com­pared to the sale of 71,122 units dur­ing the cor­re­spond­ing pe­riod last fis­cal. In June 2017, 21,175 M&HCVs were sold, down (-) 6.54 per cent when com­pared to the sale of 22,656 num­bers in June 2016. Light Com­mer­cial Ve­hi­cles (LCVs) recorded a growth of 7.78 per­cent in April-June 2017 with the sale of 103,344 units as com­pared to the sale of 95,884 units in April-June 2016. In June 2017, 35,715 LCVs were sold, up 6.85 per cent, when com­pared to the sale of 33,426 units in June 2016. In AprilJune 2017, 104,976 three wheel­ers were sold, down (-) 24.75 per cent, when com­pared to the sale of 139,497 num­bers dur­ing the cor­re­spond­ing pe­riod last fis­cal. In June 2017, 36,491 three wheel­ers were sold, down (-) 24.56 per cent, when com­pared to 48,373 units sold dur­ing the cor­re­spond­ing year last fis­cal.

Ex­ports

In April-June 2017, au­to­mo­bile ex­ports grew by 13.74 per cent. A to­tal of 17,296 CVs were ex­ported in April-June 2017, down (-) 34,02 per cent, when com­pared to 26,214 CVs in the cor­re­spond­ing pe­riod last fis­cal. In June 2017, 6,599 CVs were ex­ported, down (-) 35.2 per cent, when com­pared to 10,183 CVs sold in June 2016. In April-June 2017, 8,842 M&HCVs were ex­ported, down (-) 5.94 per cent, when com­pared to 9,400 units ex­ported in AprilJune 2016. In June, 3,079 M&HCVs were ex­ported, down (-) 6.64 per cent, when com­pared to 3,298 units ex­ported in June 2016. In April-June 2017, 17,296 LCVs were ex­ported, down (-) 34.02 per cent, when com­pared to 26,214 LCVs ex­ported in April-June 2016. In April-June 2017, 82,074 three wheel­ers were ex­ported, up 24.67 per cent, when com­pared to 65,832 units ex­ported in JuneApril 2016. In June 2017, 28,501 three wheel­ers were ex­ported, up 8.08 per cent, when com­pared to 26,371 units ex­ported in June 2016.

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