Compound Annual Growth Rate

Table-2

2013-14 2014-15 2015-16 2016-17

Passenger vehicles -6% 4% 7% 9%

Commercial vehicles -20% -3% 12% 4%

Three wheelers -11% 11% 1% -5%

Two wheelers 4% 7% 4% 7%

15%

10%

5%

0% Passenger vehicles
2013-14 2014-15 2015-16 2016-17 Commercial vehicals
-5%
Three wheelers
-10% Two wheelers

-15%

-20% CAGR
-25%
fig.2

Automobile sales
Table 1
2012-13 2013-14 2014-15 2015-16 2016-17
Passenger vehicles 2665015 2503509 2601236 2789208 3046727
Commercial
vehicles 793211 632851 614948 685704 714232
Three wheelers 538290 480085 532626 538208 511658
Two wheelers 13797185 14806778 15975561 16455851 17589511
Grand total 17793701 18423223 19724371 20468971 21862128
 Automobile Sales
Fig.1
20000000

15000000
Passenger vehicles

10000000 Commercial vehicals

Three wheelers
5000000 Two wheelers

0
2012-13 2013-14 2014-15 2015-16 2016-17

The four category of automobile namely passenger, commercial, three, two wheeler vehicles the period
under consideration is from 2012-13 to 2016-17 and we can see that the sales of passenger vehicle
which is 26 lakh in 2012-13 decreases in 2013-14 but after that grew at 4%,7%,9% for the period of
2014-15 2015-16 2016-17 respectively.

For commercial vehicles the sales for the period 2012-13 was the highest among all the years at 793211
units. The overall sales of commercial vehicles as can be seen in the fig is fluctuating but the year 2015-
16 registered the highest growth rate of 12%.

Three wheelers the sales over the period is again fluctuating with highest growth 2014-15 from negative
11% in previous year to positive 11%

The Two Wheelers segment with 81 per cent market share is the leader of the Indian Automobile
market owing to a growing middle class and a young population. With the lowest sales for the year 2012-
13 which is 1.37 lakh and from that period the sales for two wheelers has grown continuously at 5% for
the period of five year. The average 2W sales for the given period is 1.57 lakh

Market share of various segments in automobile industry

 Market Share
Table-3

Passenger vehicles 14%

Commercial vehicles 4%
Three wheelers 3%
Two wheelers 80%

Market share as can be seen in the table and the pie chart, two wheelers dominates the Indian
automobile industry with almost 80% of the vehicles sold being 2Ws.

The other segments in the automobile industry share a small share in which passenger vehicles share
14% and the remaining is shared between commercial vehicles and three wheelers.

Market Share
Fig.3

14% 4%

3%

80%

passenger vehicles Commercial vehicals Three wheelers Two wheelers