SIAM President Abhay Firodia said that SIAM is in dialogue with the government to moderate certain rates on some categories of vehicles which are in need of correction
The slowdown of major auto export destinations is showing in the numbers with exports, primarily passenger vehicles (PV) and lightweight commercial vehicles (LCV), continuing to fall in September.
As per the latest data by automobile lobby group Society of Indian Automobile Manufacturers, the percentage growth of utility vehicles fell 52.03% during September this year to 6,947 from 14,481 units in September last year.
Likewise, passenger car exports fell 9.07% to 51,055 units this September over the year-ago period. Also, the number of units of vans exported fell 12.69% to 289 units.
In LCVs, the passenger carriers fell 23.95% to 308 units during September while goods carriers saw a decline of 16.18% to 4,739 units.
The statistics for April-September is no different for LCV segment as demand for passenger carriers fell by 28.53% in comparison to the corresponding period last year.
Sridhar V, partner, Grant Thornton India, said the industry growth in countries like Sri Lanka, Nepal and Africa where these (automobiles) get sold are probably showing a degrowth in demand. "Exports was also a function of domestic sales growth. Since this was growing it has led to lesser or negative growth in exports" he said.
Abdul Majeed, partner, Price Waterhouse said, "Many exports markets are struggling for growth, therefore demand is low. Also, the domestic market is doing well."
Meanwhile, speaking to media persons in Delhi on Monday, SIAM President Abhay Firodia said that SIAM is in dialogue with the government to moderate certain rates on some categories of vehicles which are in need of correction.
SIAM will be presenting a white paper to the government listing its views on electric mobility which will be the basis for the discussion.
Meanwhile, passenger vehicle sales in India grew 11.32% to 3,09,955 units in September, riding on good growth in utility vehicles segment and festive season purchases, according to SIAM data.
Overall vehicle sales across categories registered 10% growth to 24,90,034 units, from 22,63,620 in September 2016.
Car sales last month went up by 6.86% to 2,08,656 units as against 1,95,259 units in September last year, while utility vehicle sales were up 26.21% to 84,374 units.
The increase in PV sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki's Brezza, Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction, said SIAM officials.
Maruti Suzuki India's PV sales were up 9.65% at 150,521 units last month, while that of rival Hyundai Motors India was at 50,028 units, up 17.42%.
Mahindra & Mahindra saw its PV sales grow 23.32% to 25,327 units while Tata Motors clocked 19,334 units, up 18.24% from September 2016.
As per SIAM data, two-wheeler sales in September grew 9.05% to 20,41,024 units compared to 18,71,621 in the year-ago month.
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In LCVs, the passenger carriers fell 23.95% to 308 units during September while goods carriers saw a decline of 16.18% to 4,739 units.
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