Tag: vehicles

Car sales decline 5.18%, passenger vehicle up 2.68% in June: SIAM

11/07/2016 12:54

Domestic passenger vehicle sales increased 2.68 per cent to 2,23,454 units in June from 2,17,620 units in the same month last year.

However, car sales were down 5.18 per cent to 1,54,237 units as against 1,62,655 units in June last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

Motorcycle sales last month increased 7.52 per cent to 9,43,680 units as against 8,77,690 units a year earlier.

Total two-wheeler sales in June grew 12.26 per cent to 14,68,035 units as compared with 13,07,704 units in the year- ago month.

Sales of commercial vehicles were up 5.63 per cent to 56,032 units in June, SIAM said.

Vehicle sales across categories registered a growth of 10.7 per cent to 17,95,894 units from 16,22,254 units in June 2015, it added.

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Auto industry down 18 pct in FY16; misses target

Auto industry down 18 pct in FY16; misses target

11/04/2016 00:09

Auto industry missed the target of producing 4.1 million passenger vehicles last fiscal under the Automotive Mission Plan 2006-16, although it exceeded the cumulative production target of 27.75 million units for the 10-year period by 1 per cent.

The turnover in 2015-16, as per Society of Indian Automobile Manufacturers (SIAM) estimates, stood at Rs 6.01 lakh crore, which is within the target range of Rs 5.61 lakh crore and Rs 7.31 lakh crore under the Automotive Mission Plan (AMP) 2006-16.

According to SIAM, in 2015-16 actual production of passenger vehicles was at 3.4 million units, by 18 per cent from the target of 4.1 million.

Likewise, in the two-wheelers there was a shortfall of 42 per cent with actual production in FY16 at 18.8 million units as against a target of 32.6 million units.

Commercial vehicles also missed the target of achieving 8.9 lakh units in 2015-16 with actual production standing at 7.8 lakh units, a shortfall of 12 per cent.

Similarly, three-wheelers also missed the target by 4 per cent with actual production in 2015-16 at 9.3 lakh units against the target of 9.7 lakh units.

On the other hand, the auto industry managed to exceed the cumulated production targets of various categories except the two-wheelers for the ten-year period.

As per SIAM figures, cumulative production of passenger vehicles in FY06-FY16 period was at 27.91 million, more than 1 per cent from the target of 27.75 million. This was possible due to a surplus of 26 per cent witnessed around 2009-10 to 2012-13.