Car sales down 1.25 % but passenger vehicles up 7.57% in January: Siam data

Motorcycles, the largest segment, grew 28.64% to 1.1 million units, while utility vehicle sales expanded 38% to 85,850 units

Sales of passenger vehicles (cars, utility vehicles, and vans) in the domestic market grew 7.57 per cent in January, much lower than the double-digit sales growth clocked by two-wheelers, commercial vehicles, and three-wheelers.

Higher growth in sales this January could also be a result of a lower base effect. In the first month of 2017, sales were lower because of a cash crunch in the economy induced by the demonetisation of Rs 1,000 and Rs 500 notes on November 8, 2016. Even then, year-on-year growth was 11 per cent.

According to the data released by industry body Society of Indian