The cumulative production data for April-January 2011 shows production growth of 28.86 % over same period last year. However, if one looks at production growth in January 2011 over January 2010, the overall growth rate is significantly down to less than 20%.
Passenger Vehicles segment grew at 30.97% during April-January 2011 over same period last year. Passenger Cars grew by 31.31 %, Utility Vehicles grew by 20.59% and Multi-Purpose Vehicles grew by 46.53% in this period. January 2011 figures for domestic sales of Passenger Cars show a growth of only 26.28 % over the same month last year. Total passenger vehicle sales figures for January 2011 compared to January 2010 shows growth stands at 24.68%.
The overall Commercial Vehicles segment registered growth of 31.23 % during April-January 2011 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered growth of 37.69 %, Light Commercial Vehicles grew at 26 %. In contrast to the last January sales figures, January 2011 registered a growth of only 13 %.
