Page 15 - Automobile Sales
Automobile sales growing at snail's pace in recent years: Siam data
Automobile sales are growing at the slowest pace in recent years. Nut due to three-wheelers or commercial vehicles but the motorcycle, biggest segment of the industry by volume.Sata from the Society of Indian Automobile Manufacturers (Siam) shows the Indian motorcycle market has grown by less than six per cent cumulatively since 2013-14. In the same period, the domestic passenger vehicle market expanded by 21 per cent, commercial vehicles by a little over 12 per cent and three-wheelers by six per cent.Annual domestic volume of motorcycles has remained stuck between 10 and 11 million units a year. While consecutive deficient monsoons (2014 and 2015) were a factor, the larger impact is coming from a shift towards scooters. If we include the latter, the two-wheeler market shows growth of 19 per cent between FY14 and FY17. This implies that all the growth was from scooters.The domestic scooter market has expanded from 3.6 million units in FY14 to 5.6 mn in FY17, growing 55 per cent. ...
 "Automobile sales growing at snail's pace in recent years: Siam data")
70% of Indian automobile sales will be digitally influenced by 2020
Vantage point: Insights from cutting-edge research
 "70% of Indian automobile sales will be digitally influenced by 2020")