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SIAM: Auto industry sees double-digit growth; CVs on growth …

The medium and heavy commercial sales have experienced an increase of 25.61 per cent, while light commercial vehicles are up 25.05 per cent.
The medium and heavy commercial sales have experienced an increase of 25.61 per cent, while light commercial vehicles are up 25.05 per cent.

New Delhi: The Indian automotive industry has witnessed a double-digit growth of 10 per cent in September 2017, driven by the festive season sales. However, the two-wheeler sales have skidded to a single-digit growth of 9.05 per cent, while three-wheelers have steadied and are on a double-digit growth of 19.08 per cent, according to the latest SIAM results.

In August 2017, three-wheelers grew marginally at 2.51 per cent and two-wheelers were at 14.69 per cent step-up.

Rajan Wadhera, Vice President of SIAM, said: “At the moment, the industry growth is looking good. Good numbers in September sales are of course on account of the festive season. October will have two more festivals — Dhanteras and Diwali. Overall, the environment looks conducive for growth.”

Largely, the domestic sales in the passenger vehicle segment experienced a growth of 11.32 per cent to 309,955 units on the back of growth in the utility vehicle segment at 26.21 per cent to 84,374 units. The passenger car sales are up 6.86 per cent, while vans are at a nominal growth of 3.72 per cent.

Also Read: Complete Indian auto sales analysis: Automotive industry absorbs GST impact in August 2017

The medium and heavy commercial sales have experienced an increase of 25.61 per cent, while light commercial vehicles are up 25.05 per cent. Overall, commercial vehicles have grown 25.27 per cent to 77,195 units.

*Source: SIAM

Passenger carriers in both the MHCV and three-wheeler segments have continued to decline 27.07 per cent and 7.92 per cent, respectively.

In the two-wheeler industry, the scooter sales have grown 13.19 per cent, while the motorcycle sales are down to 6.98 per cent.

Article source: http://auto.economictimes.indiatimes.com/news/industry/auto-industry-sees-double-digit-growth-cvs-on-growth-trajectory/61004662

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SIAM: Auto industry sees double-digit growth; CVs on growth …

The medium and heavy commercial sales have experienced an increase of 25.61 per cent, while light commercial vehicles are up 25.05 per cent.
The medium and heavy commercial sales have experienced an increase of 25.61 per cent, while light commercial vehicles are up 25.05 per cent.

New Delhi: The Indian automotive industry has witnessed a double-digit growth of 10 per cent in September 2017, driven by the festive season sales. However, the two-wheeler sales have skidded to a single-digit growth of 9.05 per cent, while three-wheelers have steadied and are on a double-digit growth of 19.08 per cent, according to the latest SIAM results.

In August 2017, three-wheelers grew marginally at 2.51 per cent and two-wheelers were at 14.69 per cent step-up.

Rajan Wadhera, Vice President of SIAM, said: “At the moment, the industry growth is looking good. Good numbers in September sales are of course on account of the festive season. October will have two more festivals — Dhanteras and Diwali. Overall, the environment looks conducive for growth.”

Largely, the domestic sales in the passenger vehicle segment experienced a growth of 11.32 per cent to 309,955 units on the back of growth in the utility vehicle segment at 26.21 per cent to 84,374 units. The passenger car sales are up 6.86 per cent, while vans are at a nominal growth of 3.72 per cent.

Also Read: Complete Indian auto sales analysis: Automotive industry absorbs GST impact in August 2017

The medium and heavy commercial sales have experienced an increase of 25.61 per cent, while light commercial vehicles are up 25.05 per cent. Overall, commercial vehicles have grown 25.27 per cent to 77,195 units.

*Source: SIAM

Passenger carriers in both the MHCV and three-wheeler segments have continued to decline 27.07 per cent and 7.92 per cent, respectively.

In the two-wheeler industry, the scooter sales have grown 13.19 per cent, while the motorcycle sales are down to 6.98 per cent.

Article source: http://auto.economictimes.indiatimes.com/news/industry/auto-industry-sees-double-digit-growth-cvs-on-growth-trajectory/61004662

Speak Your Mind

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