Society of Indian Automobile Manufacturers (SIAM) is an apex national body representing all major vehicle & vehicular engine manufacturers in India released the statistics on the performance of Auto Industry for the year 2019-20. Since the outbreak of the deadly virus began India was under complete lockdown due to which the auto industry has suffered a de-growth of 14.73% this year.
Production
The industry produced a total 26,362,282 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycles in April-March 2020 as against 30,914,874 in April-March 2019, registering a de-growth of 14.73 percent over the same period last year.
Domestic Sales
The sale of Passenger Vehicles declined by 17.88 percent in April-March 2020 over the same period last year. Within the Passenger Vehicles, the sales of Passenger Cars and Vans declined by 23.58, percent and 39.23 percent respectively while sales of Utility Vehicles marginally increased by 0.48 percent in April-March 2020 over the same period last year.
The overall Commercial Vehicles segment registered a de-growth of 28.75 percent in April-March 2020 as compared to the same period last year. Within the Commercial Vehicles, Medium & Heavy Commercial Vehicles (M&HCVs) and Light Commercial Vehicles declined by 42.47 percent and 20.06 percent respectively in April-March 2020 over the same period last year.
Sale of Three Wheelers declined by 9.19 percent in April-March 2020 over the same period last year. Within the Three Wheelers, Passenger Carrier and Goods Carrier declined by 8.28 percent and 13.27 percent respectively in April-March 2020 over April-March 2019.
Two Wheelers sales registered a de-growth of 17.76 percent in April-March 2020 over April-March 2019. Within the Two Wheelers segment, Scooters, Motorcycles, and Mopeds declined by 16.94 percent, 17.53 percent, and 27.64 percent respectively in April-March 2020 over April-March 2019.
Exports
In April-March 2020, overall automobile exports registered a growth of 2.95 percent. While Commercial Vehicles and Three Wheelers exports declined by 39.25 percent and 11.54 percent, respectively. However, Passenger Vehicles exports marginally increased by 0.17 percent and Two-wheelers exports registered a growth of 7.30 percent in April-March 2020 over the same period last year.
