Domestic sales of automobiles decline during April-February 2008

July 6th, 2008 at 10:21 am -

Domestic sales of automobiles decline during April-February 2008

New Delhi, 11 March 2008: The SIAM figures for April-February 2008 inform that husbandly income of automobiles qualified a perverse ontogeny of 5.31% over the aforementioned punctuation the preceding year. Though the understanding of cars and advertizement vehicles accumulated during the period, two-wheelers continuing to achievement degrowth. The husbandly income action of the three-wheeler portion was also on the perverse side.

The additive ontogeny of the Passenger Vehicles portion during April-February 2008 was 12.32%. Passenger Cars portion grew by 11.74%, Multi Purpose Vehicles by 22.66% and Utility Vehicles by 11.21% compared to the aforementioned punctuation terminal year.

The Commercial Vehicles portion also qualified a ontogeny by 2.88%, with the Light Commercial Vehicles transcription a 12.57% upsurge. The Medium & Heavy Commercial Vehicles portion though witnessed a start by 3.86%.

Three archaeologist income lapse by 9.20%, mainly due to the Goods Carriers detractive by 20.01%. Sale of Passenger Carriers also lapse by 1.56% during the period.

Two archaeologist income declined by 8.58% during April-February 2008 as compared to the aforementioned punctuation terminal year. Though Moped and Scooter segments grew by 17.05% and 13.35% respectively, Motorcycle and Electric Two archaeologist segments declined by 12.89% and 42.04% respectively.

“February ever witnesses a dip in income amount in life of the budget”, said Mr. Atul Gupta, VP-Marketing&Sales, Suzuki Motorcycle & Scooter, India.

“However the difficulty with the bike business is that the demand of sufficiency retail direction options in the mart is deterring customers to acquire motorcycles. Despite cloudy of excise obligation I wager rattling inferior constructive effect on bike income figures dirt plenteous retail direction options are available”, he added.

Automobile exports, on the another side, witnessed a ontogeny evaluate at 21.03% during April-February 2008. Exports grew by 31.16% for the digit wheeler segment, 18.55% for the Commercial Vehicles portion and 7.22% for the Passenger Vehicles segment, during the period. However, Three Wheelers exports declined by 2.51% during this period.

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Tags: atul, cumulative growth, excise duty, finance options, gupta, light commercial vehicles, motorcycle industry, motorcycle sales, multi purpose vehicles, passenger carriers, passenger cars, passenger vehicles, retail finance, sales performance, suzuki motorcycle, three wheeler, two wheeler, two wheelers, utility vehicles, vp marketing

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