Passenger vehicle production during 2001-02 to 2012-13

The production of passenger cars in India was 500301 in 2001-02. It has increased to 2668633 in 2012-13, registering an absolute growth of 2168332 passenger cars. In percentage terms, the growth was 433.4%. Thus the compound annual growth rate is 16.4%. The maximum growth rate of 40% was recorded in year 2003-04. In 2012-13, there was declined in production by 4%.

The production of Multi-Utility Vehicles in India was 169418 in 2001-02. It has increased to 564928 in 2012-13, registering an absolute growth of 395510 Multi-Utility Vehicles. In percentage terms, the growth was 233.5%. Thus the compound annual growth rate is 11.6%. The maximum growth rate of 52% was recorded in year 2012-13. There was decline in production by 2% in 2002-03, 8% in 2008-09 and 31% in 2011-12.

Thus, the production of Total Passenger Vehicles (PVs) in India was 669719 in 2001-02. It has increased to 3233561 in 2012-13, registering an absolute growth of 2563842 Total Passenger Vehicles (PVs). In percentage terms the growth was 382.8%. Thus the compound annual growth rate is 15.4%. The maximum growth rate of 37% was recorded in year 2003-04. Minimum growth rate of 3% was recorded in 2008-09 and 2012-13.

Note: Original Source is Society of Indian Automobile Manufacturers, New Delhi and also published in statistical year book 2015 by MOSPI.