This Financial Year 21-22: Q1 Analysis of Indian Auto Industry. [ UV/ Car/ Commercial /2W/3W]
The Indian Auto Industry saw a total Volume of 31,80,039 units this Q1 for FY 2021-2022. This was almost double the LY volumes at a staggering 113.05% growth. The volume growth stood at 16,87,400 units against LY.
The Two wheeler Industry again, had the Lion’s share in terms of volume and registered a volume of 24,03,591 units. However This was the slowest growing Sector.
The next was PVs- Passenger Vehicles, which sold about 6,46,272 units. This was the highest growing category of the automobile industry. The growth was over 4,29,538 units.
The Commercial Vehicles got back it’s mojo with a respectable 1L+ units sold in Q1. However, the Three wheeler Industry seems to still play catch up with the rest and registered a volume of 24,376 units.
The Motor Cycles continued to dominate the Indian Two Wheeler Industry with a growth of 92.98%, it sold 17,40,198 units. The Scooter segment seemed to play on a slower turf with a 74% growth and registered a volume of 5,92,445 units. Mopeds saw 69,009 units, which was rather flat.
The Three wheeler Industry is still playing catch up with the rest. The passenger carrier had a handsome show of more than 127% growth, with a volume of 15,769 units. However, the goods carrier had a slower growth rate of only 47.35%, it registered 8,607 units.
The commercial Vehicles saw a total volume of 1,05,800 units. This was a handsome growth of 74,164 units. The growth was 234% over LY Q1. The growth came from the Heavy commercial and medium commercial segment, which grew by a massive 562%. IT registered 29,158 units. The LCV segment saw a volume of 67,642 units, which was about 49,409 units better.
The Passenger Vehicles saw a stellar growth. All three of the sub categories grew around the 300% range. The Cars maintained it’s dominance with 3,37,191 units. UV’s grew the highest with 2,87,092 units. Vans maintained its share with 22,989 units.