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Indian Automotive Industry
Indian Automotive Industry registers a growth of 2% overall in the month of January 2015 as against January 2014.The industry produced a total of 1,976,270 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in January 2015 as against 1,937,489 in January 2014. The numbers were helped by Passenger Vehicles which grew by 3.62 % over the current fiscal (April 2014 - January 2015), whereas commercial segment registers a negative growth of 4.6%. Three Wheelers is showing robust growth despite several issues. Exports In April-January 2015, overall automobile exports grew by 19.40 percent over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers grew by 6.66 percent, 14.73 percent, 18.98 percent and 23.30 percent respectively during April-January 2015 over the same period last year.