The cumulative production data for April-October 2010 shows production growth of 33.07 percent over same period last year. In October 2010, production grew at 44.80 percent over October 2009. Domestic Sales recorded a growth of 45.93 percent in October 2010 as against 21.63 percent growth in September 2010. The main issues that the automobile industry is facing is the price rise in raw materials.
Domestic Sales
Passenger Vehicles segment during April-October 2010 grew at 33.72 percent over same period last year. Passenger Cars grew by 34.29 percent, Utility Vehicles grew by 21.85 percent and Multi Purpose Vehicles grew by 50.45 percent in this period.
The overall Commercial Vehicles segment registered growth of 37.77 percent during April-October 2010 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered growth of 53.19 percent, Light Commercial Vehicles grew at 26.25 percent.
Three Wheelers sales recorded a growth rate of 20.74 percent in April-October 2010. While Passenger Carriers grew by 23.75 percent during April-October 2010, Goods Carriers registered growth of 8.52 percent.
Two Wheelers registered a growth of 29.38 percent during April-October 2010. Mopeds, Scooters and Motorcycles grew by 25.00 percent, 52.11 percent and 25.60 percent respectively.
Exports
During April-October 2010, overall automobile exports registered a growth rate of 41.44 percent.
Passenger Vehicles segment grew marginally by 1.76 percent in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 89.20 percent, 95.30 percent and 48.89 percent respectively during April-October 2010.
