Passenger vehicles down in Oct: SIAM

 

According to SIAM, the industry produced a total 17,097,096 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2017 as against 15,811,071 in April-October 2016, registering a growth of 8.13 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles grew by 7.67% in April-October 2017 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicle and Vans grew by 4.72 percent, 16.95 percent and 2.86 percent respectively in April-October 2017 over the same period last year.

The overall Commercial Vehicles segment grew by 6.04 percent in April-October 2017 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 5.38 percent, however, Light Commercial Vehicles grew by 13.97 percent in April-October 2017 over the same period last year.

Three Wheelers sales declined by (-) 6.27 percent in April-October 2017 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.52 percent, however, Goods Carrier grew by 3.83 percent in April-October 2017 over April-October 2016.

Two Wheelers sales registered a growth at 8.09 percent in April-October 2017 over April-October 2016. Within the Two Wheelers segment, Scooters and Motorcycles grew by 14.63 percent and 5.93 percent respectively, while Mopeds declined by (-) 7.08 percent in April-October 2017 over April-October 2016.

Exports

In April-October 2017, overall automobile exports grew by 10.37 percent. Two and Three-Wheeler Segments registered a growth of 15.87 percent, and 17.93 percent respectively while Passenger Vehicles and Commercial Vehicles declined by (-) 4.13 percent and (-) 28.05 percent respectively in April-October 2017 over the same period last year.

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
banner4