Indian market: pursuing a Trend of + 3%
- Over the seven last months of the fiscal year closed at the end of October, passenger car sales rose by 3% and commercial vehicles
jumped by 60% (compared to the same period of 2011).
- It is however to be noted that the passenger car sales in October 2012 (172 459 units) are much higher than those of October 2011
(difference + 23%). Indeed, as shown in the graphs below, the month of October 2011 saw a sharp drop-off registrations because of the
cessation of production at Maruti (due to strikes).
- Commercial vehicles rose 7.6% (October 2012 compared to October 2011), 66,722 units, says SIAM (manufacturers Association).
- The SIAM added that exports of vehicles over the seven last months of the fiscal year closed at the end of October fell by nearly 5%, due
to the slowdown in some export markets including Europe.
