New Government Rule on CKD to Hurt High-End Ears: SIAM

The cumulative sales data for April-February 2011 shows domestic sales growth of 26.92 % over same period last year. In February 2011 as compared to February 2010, domestic sales grew at 21.32 %.

Domestic Sales:

Passenger Vehicles segment grew at 29.85 % during April-February 2011 over same period last year. Passenger Cars grew by 30.34 %, Utility Vehicles grew by 19.69 % and Multi-Purpose Vehicles grew by 43.28 % in this period. February 2011 figures for domestic sales of Passenger Cars show a growth of only 22.63 % over the same month last year. However, in absolute numbers, this segment recorded highest ever sales. Total passenger vehicle sales figures for February 2011 compared to February 2010 shows growth stands at 20.88 %.

The overall Commercial Vehicles segment registered growth of 28.65 % during April-February 2011 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered growth of 34.18 %, Light Commercial Vehicles grew at 24.08 %. In contrast to the last February sales figures, February 2011 registered a growth of only 10 %.

Three Wheelers sales recorded a growth rate of 19.96 % in April-February 2011. While Passenger Carriers grew by 22.39 % during April-February 2011, Goods Carriers registered growth of 10.31 %.

Two Wheelers registered a growth of 26.55 % during April-February 2011. Mopeds, Motorcycles and Scooters grew by 23.79 %, 23.30 % and 44.40 % respectively.

If we compare February 2011 to February 2010, the growth figures for three and two wheelers are at 24.03 % and 22.04 % respectively.

Exports:

During April-February 2011, overall automobile exports registered a growth rate of 30.62 %. Passenger Vehicles registered decline and the growth rate was (-) 0.86 % in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 72.82 %, 59.29 % and 36.97 % respectively during April-February 2011.

In February 2011 compared to February 2010, overall automobile exports registered a growth of 27.57 %

Source: SIAM