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Auto round-up 2009-10

The automobile industry in 2009-10 recorded a 26 per cent growth in domestic sales. The strong sales have made India the second fastest growing market after China (42 per cent), followed by Germany (23 per cent).

Sales growth of automobile vehicles in India during financial year 2009-10 was the biggest percentage rise in seven years. This growth came over a 3.3% increase in the previous year. Payment of the sixth pay commission arrears, new model launches and higher farm income drove sales.

Sales of commercial vehicles surged by 35% compared to a 22.3% fall in the previous year. While the light commercial vehicles (LCVs) segment has done well, the medium and heavy commercial vehicles (M&HCV) segment has not yet reached the 2007-08 levels.

Both the two-wheeler and three-wheeler segments sales grew by nearly 24% each. Motorcycles sales rose by 26%, while the scooter sub-segment grew 27%.

Aided by strong demand of cars due to the scrappage incentives announced in Europe, exports of cars in the 2009-10 grew 18%. Total sales of passenger vehicles increased by 27% compared to 6.8% a year earlier.

Automobile exports in FY10 stood at 1,804,619 units compared to 1,530,594 units in FY09.

Number of vehicles sold by Indian Automobile Manufacturers
  FY-07 FY-08 FY-09 FY-10
Commercial Vehicles       517,302       549,488           426,819       576,402
Passenger Vehicles    1,578,431    1,768,283        1,888,432    2,395,922
Two Wheelers    8,491,978    8,068,991        8,441,793  10,511,415
Three Wheelers       547,806       506,006           497,793       613,650
Total of the above  11,135,517  10,892,768      11,254,837  14,097,389
Source: SIAM

View: While rise in standard excise duty rates, new emission norms and rise in raw material prices have led to an increase in prices of automobiles, demand is expected to remain strong.

Categories: Automobiles
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