Auto industry witnesses decline across all segments

The auto industry produced a total of 2,363,376 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April 2019 as against 2,646,257 in April 2018, registering a decline of (-) 10.69 per cent over the same month last year. The sale of PVs declined by (-) 17.07 per cent in April 2019 over the same month last year. Within the PVs, the sales for passenger cars, utility vehicles and vans declined by (-) 19.93 per cent, (-) 6.67 percent and (-) 30.11 percent respectively in April 2019 over the same month last year. The overall CVs segment registered a decline of (-) 5.98 per cent in April 2019 as compared to the same month last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 13.56 per cent and Light Commercial Vehicles declined by (-) 1.10 per cent in April 2019 over the same month last year. Three-wheelers’ sales declined by (-) 7.44 per cent in April 2019 over the same month last year. Two-wheelers’ sales registered a de-growth of (-) 16.36 per cent in April 2019 over April 2018.