Three wheelers and LCVs dominate
In April-January 2018, the Indian automobile industry witnessed an overall production growth of 13.20 per cent with 23,890,166 units produced against 21,104,750 units in the corresponding period last year. The industry was able to sell 20,637,906 units against 18,262,872 units at a similar growth rate. The commercial vehicle industry produced 694,929 units, up by 6.32 per cent against 653,635 units over the last year. A total of 659,997 units were sold against 559,889 units, up by 17.88 per cent over the same period last year. M&HCV production in contrast dipped by 4.7 per cent registering production figures of 261,584 units against 274,394 units. The total M&HCVs sold off during the period were 257,001 units, up by 10.45 per cent against 232,695 units. A total of 402,996 light commerical vehicle units were sold, up from 327,194 units, up by 23.17 per cent. In the three wheeler segment, a growth of 14.46 per cent was registered with total sales of 500,770 units against 437,523 units sold the same period last year. In January 2018, the industry sold a total of 85,660 commercial vehicle units against 61,305 units over the same period last year, registering an overall growth of 39.72 per cent. In the M&HCV segment, against 28,770 units sold in January 2017, total number of 34,170 units were sold in January 2018, up by 18.76 per cent. In the LCV segment, the industry sold 51,490 units, up by 58.26 per cent against 32,535 units sold in January 2017. A total of 62,543 threewheelers were sold in January 2018 against 31,345 units sold in January 2017, up by 99.53 per cent.
In April-January 2018, the automobile industry was able to export a total of 3,318,551 units, up by 14.80 per cent over last year. However the CV segment witnessed a dip by (-) 15.28 per cent where the total number of units exported were 77,352, down from 91,305 units in the corresponding year. In case of M&HCVs, there was a marginal increase of less about 0.17 per cent. M&HCVs posted an export figure of 36,001 units in April-January 2018 against 35,941 units sold over the last year. In the same time frame, a major dip was experienced by the LCV export segment at (-) 25.31 per cent to post 41,351 units against 55,364 units in April-January 2018. However, the good news came in from the three wheeler segment, where 316,999 units were exported, up by 33.58 per cent against 237,309 units sold last year.
In the month of January 2018, the overall units exported across the entire commercial vehicle segment were 9,242, up by 13.44 per cent against 8,147 units sold last year. M&HCV segment in the export market also witnessed a growth of 4.5 per cent, selling 4,506 units against 4,310 units sold last year. LCV segment registered an export sales figure of close to 4,736 units, up by 23.43 per cent against 3,837 units sold in the corresponding period last year. The total three wheelers exported in the month of January 2018 were 34,098 units against 20,143 units last year, registering a growth of 69.27 per cent.