Automobile industry marks a growth of 6.26 percent in FY19

Automobile industry marks a growth of 6.26 percent in FY19

AgenciesUpdated: Wednesday, May 29, 2019, 12:05 AM IST
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New Delhi: The automobile industry produced a total 3.09 crore vehicles during April to March 2019 as against 2.9 crore in the corresponding period of previous year, marking a growth of 6.26 per cent, the Society of Indian Automobile Manufacturers (SIAM) said on Monday.

Passenger vehicle sales grew by 2.7% with passenger cars, utility vehicles and vans clocking a growth of 2.05%, 2.08 per cent & 13.1% respectively.

The overall commercial vehicles segment registered a growth of 17.55% in April to March 2019 as compared to the same period of last year. Medium and heavy commercial vehicles increased by 14.66 per cent and light commercial vehicles by 19.46%.

Three wheelers sales increased by 10.27 per cent with passenger carrier sales registering a growth of 10.62% and goods carrier at 8.75%. Two wheelers sales registered a growth at 4.86% with scooters declining by 0.27% while motorcycles and mopeds grew by 7.76% and 2.41%.

SIAM said the overall automobile exports out of India grew by 14.5 per cent. While passenger vehicles exports declined by 9.64%, commercial vehicles, three wheelers and two wheelers registered a growth of 3.17%, 49% & 16.55%.

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