Car sales up 18 pc in April: SIAM

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SME Times News Bureau | 11 May, 2015
Domestic passenger car sales grew by 18.14 percent in April and stood at 159,548 units from 135,054 units sold during the corresponding period of 2014, industry data showed on Monday.

According to the data furnished by Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle sales, which include cars, utility vehicles and vans, went up by 15.83 percent at 217,949 units from 188,162 units sold in April, 2014.

SIAM data further showed that sales of utility vehicles grew by 7 percent at 43,526 units. The off-take of vans zoomed by 19.69 percent and stood at 14,875 units.

The industry data for the last month reported a 6.84 percent growth in the overall commercial vehicles segment sales, which is a key indicator of economic activity.

The commercial vehicles segment off-take for April stood at 45,872 units from 43,080 units sold during the corresponding month of 2014.

However, the sales of three-wheeler segment declined by 2.33 percent in the month under review at 32,666 units from 33,446 units sold in April of 2014.

Sales of two-wheeler segment went marginally down last month by 0.16 percent at 1,287,064 units from 1,289,183 units sold in the like month of 2014.

Scooter sales in April were up 5.38 percent at 344,752 units, while motorcycle sales declined by 2.77 percent at 881,751 units.

Exports for the month under review went up by 7.66 percent at 289,577 units from 268,970 units shipped-out during April 2014.

Total vehicle sales in April grew by 1.91 percent at 1,583,551 units from 1,553,871 units sold in the corresponding month of 2014.