India April-November auto sales fall 4.3% y-o-y

11 December 2007 09:47  [Source: ICIS news]

MUMBAI (ICIS news)--New domestic auto sales in India fell 4.3% year on year to nearly 6.46m units in the period from April to November 2007, an industry body said on Wednesday.

However, domestic passenger vehicles sales rose 13.9% year on year to 993,404 units in the same period, the Society of Indian Automobile Manufacturers (SIAM) said in a statement.

For the same period, the domestic commercial vehicles segment grew by 3.9% to 296,043 units, SIAM added.

Domestic sales of three-wheelers fell 6.8% to 249,539 units, while two-wheeler sales contracted 7.6% at just over 4.9m units, it said.

Total automobile exports rose 17.4% to 800,584 units from a year ago, SIAM said, supported by a significant contribution from exports of two-wheelers, which grew the fastest at over 24.3% to 535,950 units.

Automobiles are important end markets for such products as coatings, nylon, acrylonitrile-butadiene-styrene (ABS), ethylene-propylenediene monomer (EPDM) and styrene butadiene rubber (SBR).

Domestic auto sales

	April-September 2007	April- September 2006	Change (%)
Passenger vehicles	993,404	871,960	13.9
Commercial vehicles	296,043	285,018	3.9
Three-wheelers	249,539	267,798	-6.8
Two-wheelers	4,923,928	5,331,418	-7.6
Total	6,462,914	6,756,194	-4.3

Source: SIAM

By: Divya Chowdhury
+65 6780 4359

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