-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.
Data source: File #55 - Registrations in the World by makes