The Indian automobile sector suffered a 5.45 per cent decline in the overall domestic sales volume during February '13. Reportedly, during the month, the sales in the passenger car market dropped drastically by 26 per cent as compared to the year-ago period in 2012. Further, the overall export operations of Indian auto makers saw a 1.66 per cent decline in the period April '12 to February '13 .
As per reports, sales fell in almost all major segments, from compact hatchbacks and sedans to the utility vehicles of the Indian auto market. Further, the prevalent slowdown has hit all major car makers operational in domestic scene, such as Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motors and Honda, amongst several others. However, the two wheeler and three wheeler segments saw marginal signs of growth in terms of total sales recorded in the country.
Amid the deteriorating sales and poor demand for passenger cars in the Indian automobile landscape, the production grew by little at just 2.18 per cent in the period between April '12 and February '13. Reportedly, 1,731,824 units were manufactured during last month in India, as against 1,791,795 units produced in the same period last year. Therefore, the auto market saw a 3.35 per cent drop in production during February '13.
The overall sales in the domestic auto market fell by 5.45 per cent in February '13, as compared to the year-ago period, whereas the total passenger car sales dropped by 16.16 per cent in February. Further, the Indian auto sector reported a growth of 3.36 per cent during the eleven months between April '12 and February '13. The two wheeler and three wheeler sales registered during the same period witnessed a 5.05 per cent growth. Further, sales of passenger carriers grew by 8.89 per cent in the time frame April '12 to February '13. The two wheeler segment saw a growth of 3.85 per cent in terms of sales recorded during the period April '12 to February '13 period, while witnessing a 2.55 per cent sales last February in the Indian auto market.
