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Automobile industry falls by 6% as sales of motor bikes decline by 15%

Motorbike sales decline 15%, auto industry by 6% and two-wheeler by 9% during April July 2007

Apnaloan.com Research Bureau

01 Sep 2007

A report by the Society of Indian Automobile Manufacturers (SIAM) has revealed that motorcycles sales fell by 15 per cent during April-July 2007.

Being the largest in the two-wheeler segment, the declines in sales of bikes has pulled down the overall sales of the two-wheeler segment by over 9 per cent, and the whole automobile industry falling by 6 per cent.

From April to July 2007, electric two-wheelers have emerged as a strong player. SIAM had included electric two-wheelers as a separate category after Electrotherm (India) manufacturers of Yo-bikes joined the industry organisation.

While motorcycle sales in the domestic market were down, exports of bikes and step-thrus were up 31 per cent. Manufacturers and dealers attribute the high interest rates on auto finance as the main cause of sales slow-down.