Indian market slows down

 

-According to SIAM (Society of Indian Automobile Manufacturers),  LIght Vehicles segment grew at 6.80 percent during April-January 2013 over same period last year. Passenger Cars declined by (-) 1.80 percent, Light Utility Vehicles grew by 56.87 percent and Vans grew by 2.63 percent during April-January 2013 as compared to the same period last year. However, in January 2013 passenger car sales further declined by (-) 12.45 percent over January 2012. Total Light Vehicles sales also declined by (-) 4.62 percent in January 2013 over same month last year.

 

In Inovev segmentation, passenger cars integrate the above SIAM categories “Passenger cars” and “Vans”. Considering this definition of Passenger cars, a 7% sales increase sales from 2 056 391 vehicles in April-January 2012 to 2 198 419 in April-January 2013) can be observed.

 

In 2013, these trends should continue.

 

India is part of the BRIC region whose growth has been continuously strong over the last ten years. Indian market has doubled in the 2000-2006 period and doubled again in the 2006-2012 period. This behaviour is quite different from the American market which also displays a growth. American market grew strongly over the three last years but it was a catch up with years 2008-2009. 

 

 

13-07-8

 

Data sourceFile #55 - Registrations in the World by makes

 

 

 

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