Automotive production increased by 3% in Jan-Apr 2016

Automotive production increased by 3% in Jan-Apr 2016

Automotive Manufacturers Association released the production, market and exports figures of automotive sector for the period of Jan-Apr 2016.
 
According to the press release, total production and automobile production increased by 3% and 6% y/y respectively in Jan-Apr 2016. In the same period total production and automobile production recorded as 469 thousand and 283 thousand units respectively.
 
Total market decreased by 7% to 260 thousand units in Jan-Apr 2016 compared to the same period of previous year. In the same period, automobile market contracted by 2% to 194 thousand units.
 
Total automotive exports increased by 7% in unit terms while automobile exports rose by 2% in Jan-Apr 2016 compared to the same period of previous year. In the same period, total exports amounted 359 thousand units while automobile exports being 215 thousand units.

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