CV sales lag

Commercial Vehicle (CV) sales continued to lag in May 2017. The Indian auto industry produced 4,675,407 vehicles, including CVs and three wheelers in the period between April-May 2017, recording a growth of 8.39 per cent, as against the production of 4,313,445 in April-May 2016. In the April-May 2017 period, 94,947 CVs were sold, down (-) 14.40 per cent, as compared to 110,924 CVs sold in the corresponding period last fiscal. In May 2017, 53,457 CVs were sold, down (-) 6.36 per cent, as against the sale of 57,089 numbers in the corresponding month last fiscal. In April-May 2017, 68,485 three wheelers were sold, down (-) 24.84 per cent, as compared to the sale of 91,124 three wheelers in the corresponding period last fiscal. In May 2017, 36,066 three wheelers were sold, down (-) 22.4 per cent, as against the sale of 46,479 numbers in the corresponding month last fiscal. In April-May 2017, 27,318 M&HCVs were sold, down (-) 43.63 per cent, as against the sale of 48,466 units in the corresponding period last fiscal. In May 2017, 16,716 M&HCVs were sold, down (-) 33 per cent, as against the sale of 24,951 numbers in the corresponding period last fiscal. In April-May 2017, 67,629 LCVs were sold, up 8.28 per cent, as compared to the sale of 62,458 units in the corresponding period last fiscal. In May 2017, 36,741 LCVs were sold, up 14.32 per cent, as compared to the sale of 32,138 units in the corresponding month last fiscal. In April-May 2017, overall automobile exports grew by 19.29 percent. A total of 651,936 automobiles were exported in the respective period as compared to the export of 546,517 automobiles in April-May 2016. In AprilMay 2017, 10,697 CVs were exported, down (-) 33.27 per cent, as compared to the export of 16,031 CVs in the corresponding period last fiscal. In May 2017, 6,635 CVs were exported, down (-) 27.49 per cent, as compared to the export of 9,150 units in May 2016. In April-May 2017, 5,763 M&HCVs were exported, down (-) 5.56 per cent, against the export of 6,102 numbers in the corresponding period last fiscal. In May 2017, 3,523 M&HCVs were exported, up 1.18 per cent, as compared to the export of 3,482 M&HCVs exported in the corresponding month last fiscal. In April-May 2017, 4,934 LCVs were exported, down (-) 50.31 per cent, as compared to the export of 9,929 units in the corresponding period last fiscal. In May 2017, 3,112 LCVs were exported, down (-) 45.1 per cent, as compared to the export of 5,668 units in May 2016. In April-May 2017, 53,573 three wheelers were exported, up 35.76 pr cent, as compared to the export of 39,461 units during the corresponding period last fiscal. In May 2017, 27,150 there wheelers were sold, up 27.31 per cent, as compared to the export of 21,326 units during the same period last fiscal.