Day: March 18, 2013

Vehicle sales prove a depressing point about the Indian economy


Please see the data below .  If you carefully examine the data ,  a few things are apparent ;

1. Sales drop in tractors indicate poor state of affairs in agri- rural India ( decline in agricultural sector )

2. Sales drop in Medium and heavy ( M&H) segment indicate actual decline in industrial output

3. Sales drop in light commercial vehicles (LCV ) indicate that the ‘Public sentiment’ is negative .

In the tractor segment 3,44,911 units were produced as against 3,72,282 units in the same period of last FY, registering  7% decline according to the data of Tractor Manufacturers Association [TMA].

As per the  data of the Society of Indian Automobile Manufacturers [SIAM], total production in M& H segment was 2,11,530 vehicles against 2,72,400 in the same period of last financial year.

Source : http://www.business-standard.com/article/companies/steep-fall-in-commercial-vehicle-production-in-apr-dec-113012500139_1.html

VE Commercial Vehicle sales down 20% in December

By PTI Jan 01 2013 , New Delhi

Tags: News
Automaker VE Commercial Vehicles (VECV) today reported a 20.17 per cent fall in its total sales at 4,032 units in December, 2012.The company, which is a joint venture between the Volvo Group and Eicher Motors, had sold 5,051 units in the same month in 2011.Domestic sales decreased to 3,598 units in December 2012 from 4,512 units in the year-ago period, a decline of 20.26 per cent, VECV said in a statement.
Heavy commercial vehicle sales slipped by 27.80 per cent to 678 units from 939 units in December
Rajendra Pratap Gupta