May 25, 2022

Alice-in-chains

Automotive forever

India vehicle profits down 13%, business retreats by 6 years in pandemic

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India’s total car gross sales fell yr-on-12 months by 13.05 for every cent to 41,289,28 units as the economic system reeled below the effect of the Covid-19 pandemic, knowledge from an sector association showed.

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In general volume in the domestic market place, which was dragged down by two-wheelers, pushed the industry back again by 6 a long time, claimed the Culture of Indian Car Suppliers (SIAM) on Monday in its yearly product sales data.&#13
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FY2020-21 was a single of the worst yrs for the industry that reported product sales in each segment touching multi-year lows. With revenue of 2,711,457 models in the domestic industry, the passenger vehicles touched a 6-12 months small. Likewise, with a quantity of 15,119,000 units, bike and scooter profits in the domestic sector, was pushed again to the FY15 volumes.

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Three wheelers with device sales of 216,000 were being battered the most as volumes acquired dragged to a 19-calendar year minimal. The industrial motor vehicles income also declined to the lowest in 11-yr lower. The 5-calendar year compounded once-a-year progress rate of the over-all auto market dropped to 6 for each cent towards the 10-year CAGR of 2 per cent.

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Vehicle revenue volume (models)

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Industry

FY21: 18,615,588, the cheapest in 6 many years

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FY15: 19,724,371

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5-12 months CAGR (FY11 to FY16): 6%

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10-12 months CAGR (FY11 to FY21): 2%

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Passenger vehicles

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FY21: 2,711,000, the lowest in 5 many years

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FY16: 2,789,000

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Two-wheelers

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FY21: 15,119,000, the most affordable in 6 yrs

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FY15: 16,005,000

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Industrial autos

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FY21: 569,000, least expensive in 11 several years

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FY11: 676,000

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3-wheelers

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FY21: 216,000, the lowest in 19 decades

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FY03: 232,000

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