SIAM reports surge in overall sales in auto industry by of 36.39 pct

Society of Indian Automobile Manufacturers (SIAM) on Thursday released the sales data for the month of December, with a surge in overall sales of auto industry by 36.39 percent on YoY basis.

The automobile manufacture listed total 1666646 units, which were sold in December 2017 as compared to 1221969 units sold in December 2016.

Passenger Vehicles (including cars, UV, Vans) has seen a YoY sales growth of 5.22 percent in December 2017. Total 239712 units were sold as compared to 227823 units sold in December 2016, reported SIAM.

Two wheelers YoY sales growth has seen 41.45 percent increase in December, however, total 1287592 units were sold as compared to 910276 units sold in December 2016.

Adding to this, the data reported commercial vehicles (including medium, heavy and light commercial vehicles) sales has seen a YoY growth of 52.62 percent in December. Total 82362 units were sold in December 2017 as compared to 53966 units sold in December 2016.