Indian Economy: Growth -2

[Naresh]

<b>Automobile Industry grows over 16.14 % in April- November 2006</b>

The Automobile Industry registered a total production of 7.4 million vehicles in April-November 2006 and witnessed a production growth of 16.70 percent in April-November 2006 compared to April - November 2005.

<b>Domestic Sales</b>

The cumulative growth of overall Passenger Vehicles during April-November 2006 was 20.68 percent.

Overall Two Wheeler market grew by 14.43 percent during April-November 2006 over the same period last year. Motorcycles grew by 17.20 percent; Scooters grew by 0.62 percent and Mopeds Grew at 4.68 percent.

Three Wheelers sales grew at 18.66 percent. Goods Carriers grew by 22.72 percent and Passenger Carrier grew at 15.88 percent during the April-November 2006, over the same period last year.

Overall Commercial Vehicles segment grew at 35.50 percent. Growth of Medium & Heavy Commercial Vehicles was 37.96 percent. Light Commercial Vehicles also performed well with a growth of 32.13 percent.

<b>Exports</b>

Overall automobile Exports registered 27.25 percent growth rate in April-November 2006 over the same period last year. Passenger Vehicles Exports grew by 11.83 percent.

Two Wheelers Exports grew by 25.32 percent and Commercial Vehicles by 28.31 percent.

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