The Automobile market reported a cumulative production data for April - November 2008 that shows production growth of 6.56 percent over April - November 2007. However, in November 2008, the overall production fell by 6.11% as compared to the same month last year.
Domestic Sales:
During April - November 2008, the passenger vehicles segment reported a marginal growth of 1.10 percent over the period between April - November 2007. During the same period, the Passenger Cars grew by 0.48 percent, Utility Vehicles fell by -0.21 percent and Multi Purpose Vehicles grew by 12.00 percent in this period. However, the sales in November 2008 for passenger vehicles fell by 23.71% over November 2007 - with all sub-segments registering negative growth.
The cumulative sales of Commercial Vehicles Segment registered de-growth. During April - November 2008, the segment grew at (-) 9.35 percent as compared to the same period last year. While Medium & Heavy Commercial Vehicles registered significant de-growth at (-) 16.88 percent, Light Commercial Vehicles also recorded de-growth of -0.26 percent. In November 2008, the commercial vehicles sales fell by 49.51%. M&HCV fell by 63% and LCV fell by over 33%. Also, buses (M&HCV) fell by 32% and even the smaller buses also fell by 26%. In fact the decline in buses has been since April 2008 with an exception in June.
Exports:
In terms of export, the automobile exports registered a growth of 33.03 percent during the period from April - November 2008 with all segments except commercial vehicles, registering positive growth. On the other hand, the passenger Vehicles and two Wheelers segment grew by 66.39 and 30.98 percent respectively.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment