Overall production in January 2009 fell by 11.92 percent over the same month last year. January sales are always more than December sales since December sales are always subdued because of 'model year change' in January, which fetches better value of a vehicle in the used vehicle market.
The cumulative production data for April 2008 – January 2009 shows production growth of 2.32 percent over April 2007 – January 2008. However, with lower prices and huge discounts, though January 2009 sales registered more than December 2008 sales, they were not enough to make the year on year growth positive.
Passenger Vehicles segment registered de-growth with (-) 1.21 percent growth during April – January 2009 over April – January 2008. Passenger Cars fell by 0.62 percent, Utility Vehicles fell by 7.38 percent. However, Multi Purpose Vehicles grew by 6.33 percent during this period. The sales in January 2009 for passenger vehicles fell by 6.88% over January 2008 - with all sub-segments registering negative growth. Exports in the passenger Vehicles segment grew by 59.55.
