GOVERNMENT
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GOVERNMENT
OF INDIA
Automotive industry, one of the largest industries in India, has been witnessing impressive growth in Sales for last few years.During 2005-06 to 2012-13,Annual Average growth rate of Sales of Motor Vehicles was observed to be 12%. In 2012 -13 Sales of motor vehicles grew by 2% over 2011-12.
During 2005-06 to 2012-13,Annual Average growth rate of Sales of Medium and Heavy Commercial Vehicles was observed to be 7%. Annual Average growth rate of Sales of Light Commercial Vehicles was observed to be 20%. Annual Average growth rate of Sales of Cars was observed to be 15%. Annual Average growth rate of Sales of Multi-Utility Vehicles was observed to be 14%. Annual Average growth rate of Sales of Scooters was observed to be 18%. Annual Average growth rate of Sales of Motor Cycles was observed to be 10%. Annual Average growth rate of Sales of Mopeds was observed to be 12%. Annual Average growth rate of Sales of Three-Wheelers was observed to be 11%.
In 2012-13 Sales of Multi-Utility Vehicles has recorded highest growth, it grew by 52% over 2011-12. Whereas Sales of Medium and Heavy Commercial Vehicles has declined by 24% over 2011-12.