Automobiles sale slows down in June due to stock liquidation by dealers

Society of Indian Automobile Manufacturers (SIAM) on Monday said that the industry has produced a total, 6,914,544 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April June 2017 as against 6, 431, 938 in April-June 2016, thus registering a growth of 7.50 percent over the same period last year.

As per the industry body, the domestic sale of passenger vehicles grew by 4.38 percent in April -June 2017 over the same period last year.

Within the passenger vehicles, passenger cars, utility vehicle and vans grew by 3.89 percent, 7.53 percent, (-)2.96 percent respectively in April-June 2017 over the same period last year.

Overall commercial vehicles segment sales declined by (-) 9.08 percent in April-June 2017 as compared to the same period last year.

"The medium and heavy commercial vehicles declined by (-)31.82 percent, while light commercial vehicle's grew by 7.78 percent in April-June 2017 over the same period last year," added SIAM.

Three wheelers sales declined by (-)24.75 percent in April-June over the same period last year.

However, the two wheelers sales registered a growth of 7.78 percent in April-June over April-June 2016. Within the two wheelers segment, scooters and motorcycles grew by 20.06 percent and 3.44 percent respectively, while mopeds declined by (-)10.92 percent in April-June 2017 over April-June 2016.