Passenger vehicle sales up 14.29% in November: SIAM

Passenger vehicle sales up 14.29% in November: SIAM

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According to SIAM data, “The sale of domestic passenger vehicles surge 14.29% to 2,75,417 units in November. The auto industry produced a total 19,486,412 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-November 2017 as against 17,818,193 in April-November 2016, registering a growth of 9.36 percent over the same period last year.”

Domestic Sales

The sale of Passenger Vehicles grew by 8.46% in April-November 2017 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicle and Vans grew by 4.69 percent, 19.95 percent and 4.69 percent respectively in April-November 2017 over the same period last year.

The overall Commercial Vehicles segment grew by 10.60 % in April-November 2017 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 1.19 percent and Light Commercial Vehicles grew by 17.07 percent in April-November 2017 over the same period last year.

Three Wheelers sales increased marginally by 1.32 percent in April-November 2017 over the same period last year. Within the Three Wheelers, Passenger Carrier & Goods Carrier sales registered a growth of 0.35 percent and 5.51 percent respectively in April-November 2017 over April-November 2016.

Two Wheelers sales registered a growth at 9.61 percent in April-November 2017 over April-November 2016. Within the Two Wheelers segment, Scooters and Motorcycles grew by 16.15% and 7.62% respectively, while Mopeds declined by (-) 7.26 percent in April-November 2017 over April-November 2016.

Exports

In April-November 2017, overall automobile exports increased by 11.94 percent. Two and Three-Wheeler Segments registered a growth of 17.48 percent and 21.29 percent respectively, while Passenger Vehicles and Commercial Vehicles declined by (-) 3.69 percent and (-) 23.49 percent respectively in April-November 2017 over the same period last year.