India’s January vehicle production falls by 5.48%; sales down 4.71%
SINGAPORE (ICIS)–India’s overall vehicle production fell by 5.48% year on year to 1.96m units in January this year, with sales down by 4.71% at 1.7m units, industry data showed on Thursday.
The country’s production of two-wheelers, which accounts for 78% of overall vehicle output, fell by 8.4% to 1.53m units in January, according to the Society of Indian Automobile Manufacturers (SIAM).
Production of passenger vehicles rose by 13.3% year on year to 287,428 units while sales were 14.4% higher at 231,917 units, according to SIAM.
Overall exports of vehicles fell by 7.67% year on year to 276,517 units in January.
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