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Passenger vehicles sales up nearly 20% in April - June 2018

Capital Market 

Domestic passenger vehicle sales edged up 37.54 percent to 2,73,759 units in June this year from while were up 34.21 percent at 1,83,885 units according to data released by the (SIAM). The domestic automobile industry produced a total 8,064,239 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-June 2018 as against 6,919,414 in April-June 2017, registering a growth of 16.55 percent over the same period last year. The sale of Passenger Vehicles grew by 19.91 percent in April-June 2018 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans grew by 17.98 percent, 23.22 percent and 27.29 percent respectively in April-June 2018 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 51.55 percent in April-June 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 83.59 percent and Light Commercial Vehicles grew by 36.51 percent in April-June 2018 over the same period last year.

Three Wheelers sales increased by 54.01 percent in April-June 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 64.48 percent and Goods Carrier grew by 21.35 percent in April-June 2018 over April-June 2017.

Two Wheelers sales registered a growth at 15.92 percent in April-June 2018 over April-June 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 10.35 percent, 19.47 percent and 7.27 percent respectively in April-June 2018 over April-June 2017.

In April-June 2018, overall automobile exports grew by 26.73 percent. While Passenger Vehicles exports declined by (-) 7.37 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 41.03 percent, 75.04 percent and 29.59 percent respectively in April-June 2018 over the same period last year.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 17:42 IST
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