Indian car sales and production growth turned negative In September

ERJ staff report (DS)

New Delhi - The growth rate of new car production in India fell to just 2.4 percent in the six months to September 2012. In September production showed a 6 percent year on year decline. The industry produced only 1,672,797 vehicles in September 2012 as against 1,773,154 in September 2011.

Sales were slightly more exaggerated, with the six-month figure showing an increase of 3.62 percent over same period last year. In Spetember sales declined by (-9.43) percent over September 2011.

During April-September 2012 overall automobile exports registered negative growth at (-5.96) percent. While Passenger Vehicles grew by 2.77 percent and Commercial Vehicles grew only by 1.91 percent. Two & Three wheelers declined by (-3.75) and (-30.91) percent respectively in April-September 2012 compared to the same period last year.

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Press release from Society of Indian Automobile Manufacturers (SIAM).