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Excise duty cuts provide some succor to auto sales
India's auto industry produced a total 1,990,010 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in May 2014 as against 1,742,939 in May 2013, registering a growth of 14.18 percent over the same month last year.

Domestic Sales

The sales of Passenger Vehicles declined by (-) 3.46 percent in April-May 2014 over the same period last year. Within the Passenger Vehicles segment, Passenger Cars and Vans declined by (-) 3.68 percent and 16.36 percent respectively, while Utility Vehicles grew by 2.46 percent in April-May 2014 over the same period last year.

The overall Commercial Vehicles segment registered a de-growth of (-) 19.69 percent in April-May 2014 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at (-) 13.81 percent and Light Commercial Vehicles also dropped by (-) 22.59 percent.

Three Wheelers sales grew by 5.29 percent in April-May 2014 over the same period last year. Passenger Carriers and Goods Carriers grew by 6.08 percent and 2.21 percent respectively in April-May 2014 over April-May 2013.

Two Wheelers sales registered growth of 14.03 percent in April-May 2014 over April-May 2013. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 30.32 percent, 9.93 percent and 1.60 percent respectively in April-May 2014 over April-May 2013.

Exports

In April-May 2014, overall automobile exports grew by 22.23 percent. Passenger Vehicles, Commercial Vehicles and Two Wheelers grew by 0.87 percent, 20.80 percent and 33.89 percent respectively, while exports of Three Wheelers declined by (-) 5.38 percent in April-May 2014 over April-May 2013.

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