Passenger Vehicle Sales Witness 11.32 per cent Growth

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Kochi: Passenger vehicle sales saw a growth of  11.32 per cent during September 2017, a good sign for the festive season. According to Society for Indian Automobile Manufacturers (Siam), passenger vehicles sales grew at 19.92 per cent in September 2016. Though muted, the bump was still substantial, according to Siam. Domestic passenger vehicle sales were at 3,09,955 units in September this year, against 2,78,428 in the same month last year. Meanwhile, overall vehicle sales across categories registered a 10 per cent growth to 24,90,034 units from 22,63,620 in September 2016.

“Automobile industry at the moment is looking at improvement in all segments from last year,” said Abhay Firodia, president, Siam. The auto industry has faced difficulties in the wake of demonetisation, transition from BS-III to BS-IV norms and uncertainty of GST implementation, but, “it has recovered from those tough times,” he said. “We hope that this momentum will be maintained,” Firodia added.

Overall sales growth was driven strongly by the utility vehicle segment, which continued to grow at a rapid pace. Utility vehicle sales were up 26.21 per cent to 84,374 units, while car sales last month went up by 6.86 per cent to 2,08,656 units year-on-year. Two-wheeler sales grew 9.05 per cent to 20,41,024 units, with motorcycle sales growing 6.98 per cent and scooters rising 13.19 per cent.

Meanwhile, sales of commercial vehicles (CV) rose by 25.27 per cent to 77,195 units in September – the highest growth rate achieved since November 2011 when CV sales had grown by 34.17 per cent.