Passenger vehicle sales hit record 3.28 million in 2017-18, says Siam

Commercial vehicles, two-wheelers also report strong double-digit growth

Automobile makers have exited 2017-18 on a strong note, with most segments reporting a strong double-digit growth in domestic sales.

With the exception of passenger vehicles, which grew at 7.89 per cent, segments, including commercial vehicles, two and three-wheelers, have grown in double-digits. Sales of passenger and commercial vehicles, two and three-wheelers hit a new record during the year.

Industry body, the Society of Indian Automobile Manufactures (Siam), expects passenger vehicle sales to grow at a high single-digit in 2018-19, while commercial vehicles are likely to grow at low double-digit. Within two-wheelers, motorcycle sales could moderate in the current fiscal.

Passenger vehicles (cars,