The overall sales of the automobile industry in July 2017 was led by passenger vehicles (PVs). The PV segment posted double-digit growth of 15.12 percent, while the industry grew at 13.30 percent compared to July 2016.
Utility Vehicles (UVs), which has seen an unprecedented demand, continued its winning run in the PV segment posting a massive 35.52 percent. Passenger cars were second with growth of 8.52 percent and then followed by vans by 7.64 percent compared to the same period last year.
As for exports, passenger cars led the table with a growth of 8.17 percent followed by UVs by 6.22 percent; however, vans witnessed a decrease in sales by a massive 67.28 percent.
The cumulative sales of the passenger vehicles including domestic and exports, passenger cars fell by 2.57 percent, while UVs grew by 15.84 percent and vans dropped by 5.49 percent compared to July 2016. Overall, PVs increased by 1.63 percent.
In the Commercial Vehicle (CV) segment, its sales grew by 12.38 percent in July 2017 compared to the period last year. However, exports of commercial vehicles decreased by 35.46 percent. The CV segment was led by Goods Carriers which grew by 22.50 percent.
As for the three-wheeler segment, the overall sales including domestic and exports declined by 4.41 percent as passenger carrier fell by 5.28 percent, while goods carrier grew by 2.58 percent.
In two-wheelers, the segment grew by 13.22 percent and was led by motorcycles with a growth of 14.95 percent compared to July 2016. Scooters were second with sales growth of 12.32 percent, but mopeds fell by 5.37 percent.
In the domestic market, motorcycles continued to lead the segment with growth of 16.90 percent followed by scooter by 13 percent. However, mopeds seem to be witnessing a decline by 19.20 percent compared to July 2016.
As for exports of two-wheelers, scooter led the way with growth of 9.12 percent, while motorcycles sale grew by 5.41 percent. Moped sales fell by a massive 51.87 percent compared to the same period last year. Overall, the exports of two-wheelers increased by 5.30 percent.
There is a shift in pattern among buyers as they prefer UVs over passenger cars, which is also the trend in global markets. The sales growth of UVs by 35.52 percent in the domestic emphasises that UVs are the future in India.
In the two-wheeler segment, mopeds seem to be on the decline in India as many prefer scooter. Motorcycles continue to be stable, but scooters are making inroads into the motorcycle segment.