Its a bumper month of May for Auto Sales in India – It has posted highest ever Auto Units sales in a month till date. The recent figures released by SIAM (Society of Indian Automobile Manufacturers) show production growth of 33.52 percent over same period last year with industry producing 2,715,189 vehicles.
Surprisingly, while India posted record numbers, China posted lowest growth in their Auto Sales in last 13 months. This also the first time that India has surpassed the Auto sales growth rate in China. Even in America, Auto Sales only registered a moderate growth of 16.2% in their car segment, while Trucks & SUV growth registered a growth rate of 22.4 & 23 percent respectively.
Comparatively in India, all Vehicle segments registered excellent growth rate as compared to last year – The highest was for Commercial vehicles segment, which registered growth at 61.05 percent in April-May 2010 as compared to the same period last year. In this segment, Medium & Heavy Commercial Vehicles (M&HCVs) registered growth at whooping 94.88%, while Light Commercial Vehicles (LCVs) grew at 40.08 percent.
Passenger Vehicles segment in April-May 2010 grew at 34.49 percent over same period last year. Passenger Cars grew by 34.75 percent, Utility Vehicles grew by 30.40 percent and Multi Purpose Vehicles grew by 39.15 percent in April-May 2010 over same period last year.
Two Wheeler segment also registered a respectable 25.43% growth compared to last year. Scooters, Mopeds and Motorcycles grew by 48.84 percent, 26.01 percent and 21.30 percent respectively.
Indian Car Market leader, Maruti Suzuki made a record with overall sales (including exports) crossing one lakh figure in May, with domestic sales rising 27 per cent to 90,041 units.
Ford Motors grew their sales by 4 times to 8,080 unit, mainly due to the launch of their hatchback, Ford Figo. Tata Motors also grew at 33%, while Hyundai Motor India’s sales grew by 15.53%.
It is actually quite surprising that, with these kind of growth rates Hyundai is planning to partially move its export oriented production to Turkey, mainly due to the Worker’s unrest and strikes.
i agree w/ what u say……..
There has been a couple of such experiments in Pune………& theres one building nearby pune………which has ground floor + 1st 2 floors as parking area only!!!
and why only private………i see a PPP to be an equally good option, if ot better……. atleast it can take care of finances pretty well………& add to tht govt. requirements……& documentation required……..one can rest assured its clean! Am quite positive abt the PPP thing…………though its sad tht getting sch permissions might again require either contact or bribes! :-| :-|
but …..its worth giving a try atleast!
Totally agree with Altaf.
I think it’s high time the Automobile sector woke up to this impending nightmare and started doing something which would keep them in good stead in the future.
And, given the state of the Indian Government, this has to be done by the Private Enterprise.
Though as a sector, we may appreciate its growth, with out efficient road networks, the situation becomes ugly.
You go to any city or town, specially in business areas, the traffic is unbearable. Unless we have modern well defined road systems and disciplined traffic, the growth in auto industry signifies worsening life in society (urban or otherwise).
The parked cars create road blocks which casue traffic jams.
I dont understand why people wont think enterprisingly? Suppose a guy has a old shop in a locality where gradually old commercial buildings (of 2 or 3 floor buildings) are giving way to high rise towers. As the volume increases, so is the need for parking space. So my question is instead of all old buildings getting converted to high rise towers, why dont one building out of 10 or 20 or 50 gets converted to exclusive high rise car park building of lets say 10 floors? He gets terrific business round the clock on hourly rates. The roads get declogged. He can charge premium for parking space in ground floor and the rates gradually go down with higher floor.
In case if some elevated roads are passing nearby, the parking towers can directly be linked to the roads easing the traffic further.
Now with cheap Nanos coming out in lakhs every year I am afraid to think of future cities. Already they are cheap, now add car loans. I am sure the EMIs will work out to less than 3,000.
Though this comment is out of context with the article, I thought we should think about other related developments required to make auto sector success meaningful.