The Indian auto industry ended the year 2011-12 on a positive note. The total production data for the period shows production growth of 13.83% over the same period last year. In March 2012 as compared to March 2011, production grew at a single digit rate of 6.83%.
In 2011-12, the industry produced 20,366,432 vehicles of which share of two wheelers, passenger vehicles, three wheelers and commercial vehicles were 76%, 15%, 4% and 4% respectively.
The growth rate for overall domestic sales for 2011-12 was 12.24 percent amounting to 17,376,624 vehicles. Passenger Cars grew by 2.19%, Utility Vehicles grew by 16.47% and Vans by 10.01% during this period. For the first time in history car sales crossed two million in a financial year. If we compare sales figures of March 2012 to March 2011, the growth for two wheelers was 8.27%
During April to March 2012, the industry exported 2,910,055 automobiles registering a growth of 25.44%. Passenger Vehicles registered growth at 14.18% in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 25.15%, 34.41% and 27.13% respectively during April to March 2012. For the first time in history car exports crossed half a million in a financial year.
In March 2012 compared to March 2011, overall automobile exports registered a growth of 17.81%