New vehicle sales hit but replacement market intact
Updated: Aug 14, 2013 04:58:03pm
New Delhi, Aug 14 (KNN) Decline in automobile industry has hit both original equipment manufacturers (OEM) and spare parts suppliers, although those catering to the replacement market are not affected as badly.
The overall domestic sales in the automobile sector during April-July 2013, has declined by 2.09 per cent over the same period last year, according to the Society of Indian Automobile Manufacturers (SIAM India).
“The overall commercial vehicles segment registered a de-growth of 9.91 per cent in April-July 2013 as compared to last year,” SIAM India said.
Further, the sales of passenger vehicles segment which comprises passenger cars, utility vehicles and vans also dropped by 7.49 per cent during the period; while three and two wheelers sales also shrunk by 3.45 and 0.64 per cent respectively during the period.
In additin, within the two wheelers segment, mopeds and motorcycles dropped by 13.07 per cent and 3.40 per cent respectively, while scooters grew by 13.11 per cent during the four months.
Significantly, the automobile industry produced a total 1,729,002 vehicles in July 2013 as against 1,745,532 in July 2012 registering a decline of 0.95 per cent over the same month last year.
While most of the passenger car and commercial vehicle manufacturers have come out with disappointing numbers, the spare-parts firms in the replacement markets are still posting good results. (KNN/GUNJ)
The overall domestic sales in the automobile sector during April-July 2013, has declined by 2.09 per cent over the same period last year, according to the Society of Indian Automobile Manufacturers (SIAM India).
“The overall commercial vehicles segment registered a de-growth of 9.91 per cent in April-July 2013 as compared to last year,” SIAM India said.
Further, the sales of passenger vehicles segment which comprises passenger cars, utility vehicles and vans also dropped by 7.49 per cent during the period; while three and two wheelers sales also shrunk by 3.45 and 0.64 per cent respectively during the period.
In additin, within the two wheelers segment, mopeds and motorcycles dropped by 13.07 per cent and 3.40 per cent respectively, while scooters grew by 13.11 per cent during the four months.
Significantly, the automobile industry produced a total 1,729,002 vehicles in July 2013 as against 1,745,532 in July 2012 registering a decline of 0.95 per cent over the same month last year.
While most of the passenger car and commercial vehicle manufacturers have come out with disappointing numbers, the spare-parts firms in the replacement markets are still posting good results. (KNN/GUNJ)
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