The growth rate recorded for April-May 2011 was 16.34 percent. However, the month of May 2011 registered a lower growth rate of 13.40 percent as compared to May 2010.
Passenger Vehicles segment grew at 11.01 percent during April-May 2011 over same period last year. Passenger Cars grew by 10.04 percent, Utility Vehicles grew by 5.61 percent and Vans grew by 29.57 percent in this period. In May 2011, Passenger Cars, Utility Vehicles and Vans registered low growth at 7 percent, 4.98 percent and 23.31 percent respectively.
Exports
During April-May 2011, overall automobile exports registered a growth rate of 30.03 percent. Passenger Vehicles registered growth at 8.32 percent in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 46.13 percent, 47.71 percent and 32.27 percent respectively during April-May 2011.
In May 2011 compared to May 2010, overall automobile exports registered a lower growth of 30.49 percent.
