Over 20 percent decline in CV sales in April-December period

According to the latest automobile sales number released by SIAM, the industry produced a total 20,736,410 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-December 2019 as against 23,853,770 in April-December 2018, registering a de-growth (-) 13.07 percent over the same period last year.

The overall Commercial Vehicles segment registered a decline of (-) 21.09 percent in April-December 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 36.69 percent and Light Commercial Vehicles declined by (-) 11.34 percent in April-December 2019 over the same period last year.

Three Wheelers sales declined by (-) 2.70 percent in April-December 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 2.02 percent and Goods Carrier declined by (-) 5.85 percent in April-December 2019 over April-December 2018.

 In April-December 2019, overall automobile exports grew by 3.86 percent where Passenger Vehicles and Two Wheelers exports grew by 5.89 percent and 6.87 percent respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 38.74 percent and (-) 8.80 percent respectively in April-December 2019 over the same period last year.

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