Utility vehicle sales jumped by 21.32 per cent in March, as compared to the same month last year, while production grew by a hefty 28.96 per cent, according to the Society of Indian Automobile Manufacturers (Siam).
But passenger car sales fell by 0.3 per cent in March, while production grew by 4.18 per cent. Overall, there was a 10.76 per cent growth in sales of all category of vehicles (including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles), and 12.78 per cent increase in production.
A total of 2.14 million vehicles were produced in the country in March 2016 and 1.85 million units were sold, according to Siam.
Exports during the month were up by 6.53 per cent. There was a huge, 69.09 per cent growth in sales of utility vehicles in March and a 22.06 per cent rise in export of passenger vehicles.
Similarly, there was a massive 122.8 per cent growth in exports of scooters and scooterettes. Total exports of all vehicle categories added up to 268,247 units in March.
Source : BS Motoring
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
