Friday, August 28, 2009



Robust domestic growth & double digit export growth drive combined volumes of passenger & commercial vehicles in July 2009…

Maruti Suzuki’s total volumes rise 33.433.4% Y-o-Y & 3.9% sequentially, Tata Motors’ volumes increase by 18.2% Y-o-Y & 5.9% sequentially, and M&M’s volumes up 22.6% Y-o-Y, but down 1.9% sequentially…

In July 2009, the combined volumes of passenger vehicles and commercial vehicles grew 22.8% Yo-Y and 2.1% sequentially, due to a growth of 24.7% Y-o-Y in domestic volumes and an increase of 14% Y-o-Y in exports. The government’s stimulus package, lower interest rates on vehicle finance, and excise duty cut helped drive industry volumes to some extent. The demand in July 2009 was also aided by pre-festival purchases by dealers. Total volumes in the PV segment were up 27.5% Y-o-Y and 1.6% sequentially to 181,431 units, on the back of domestic growth of 29.2% Y-o-Y coupled with an export growth of 20.8% Y-o-Y. Industry volumes in the PC segment increased by 28.9% Y-o-Y to 148,573 units.

Volumes in the domestic PC industry were up 30.9% Y-o-Y, while exports recorded a growth of
22.4% Y-o-Y. Volumes in the Utility Vehicles (UV) segment increased significantly by 15.5% Y-o- Y, but down 6.2% sequentially to 20,987 units, while volumes in the Multi-Purpose Vehicles (MPV) segment rose 34.7% Y-o-Y and 12.9% sequentially to 11,871 units in July 2009.

In the CV segment, total industry volumes rose by 5.2% Y-o-Y and 4.1% sequentially to 40,827

units. Volumes in the M&HCV segment declined by 5.9% Y-o-Y, but rose 3.6% sequentially to
17,911 units, while volumes in the LCV segment grew 15.9% Y-o-Y and 4.4% sequentially to
22,916 units. Total 4 wheeler volumes increased by 22.8% Y-o-Y and 2.1% sequentially to 222,258

Read in report on to find out how the major auto players fared in July 2009…

To see full report: INDIAN AUTOS