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Automobile
sector is a key driver of the manufacturing sector. The
growth in production and sales can be considered as a major
indicator of economic buoyancy of any emerging economy.
AUTO
POLICY OF GOVERNMENT OF INDIA
POLICY OBJECTIVES: Government
has brought out major
policy guidelines to give this critical segment of the
economy the adequate momentum. The policy is broadly aimed
to promote integrated, phased, enduring and self-sustained
growth of the Indian automotive industry. The desired
objectives announced by government are to:-
Push the sector as the engine of industrial growth and
employment and to achieve a high degree of value addition in
the country.
Promote a globally competitive automotive industry and
emerge as a global source for auto components.
Establish an international hub for manufacturing small,
affordable passenger cars and a key center for manufacturing
Tractors and Two-wheelers in the world. Ensure a
balanced transition to open trade at a minimal risk to the
Indian economy and local industry.
Conduce incessant modernization of the industry and
facilitate indigenous design, research and development.
Steer Indias software industry into automotive
technology.
Assist development of vehicles propelled by alternate
energy sources.
Development of domestic safety and environmental
standards at par with international standards.
AUTOMOBILE
INDUSTRY PERFORMANCE DURING 2006- 2007
DOMESTIC
SALES : According
to SIAM, the figures for April-November 2007 over
April-November 2006 indicate that domestic sales of
automobiles decelerated with a negative growth rate of 4.34
percent.
The
cumulative growth of the Passenger Vehicles segment during
April-November 2007 was 13.93 percent. Passenger Cars grew
by 13.78 percent, Multi Purpose Vehicles by 19.35 percent
and Utility Vehicles by 12.61 percent in April-November 2007
compared to the same period last year.
In
April-November 2007, the Commercial Vehicles segment grew by
3.87 percent over the same period in 2006. Light Commercial
Vehicles recorded a growth of 14.76 percent; however, Medium
& Heavy Commercial Vehicles witnessed a fall by 3.78
percent. Bus segment registered a growth of 35.38 percent while truck
segment registered a marginal decline of 0.17 percent. This
is mainly because of fall witnessed by Medium & Heavy
trucks segment by 9.71 percent in this period.
Three
Wheelers sales grew by 12.22 percent with sales of Goods
Carriers increasing by 13.52 percent and Passenger Carriers
by 11.33 percent during April- March 2007 compared to the
corresponding period last year.
EXPORTS
:
Automobile Exports registered a growth of 25.43 percent
during April- March 2007 over the same period last year.
Passenger Vehicles Exports grew by 13.05 percent, Commercial
Vehicles exports increased by 22.58 percent, Three Wheelers
exports by 87.17 percent and Two Wheelers Exports grew by
20.65 percent.
Three
Wheelers sales fell by 6.82 percent with sales of Goods
Carriers decreasing by 16.91 percent. Passenger Carriers
grew marginally at 0.46 percent during the period.
Two
Wheeler sales registered a negative growth of 7.64 percent
during April-November 2007 over April-November 2006. Though
Mopeds and Scooters grew by 21.35 percent and 16.78 percent
respectively, Motorcycles and Electric Two Wheelers
registered a negative growth rate of 12.34 percent and 35.58
percent respectively. Automobile
Exports grew by 17.39 percent during April-November 2007
over the same period last year. Exports were led by Two
Wheelers which grew by 24.34 percent, followed by Commercial
Vehicles exports at 16.02 percent.
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