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Passenger car sales up 5% in May: SIAM (Lead)

Author: IANS/Saturday, June 10, 2017/Categories: Manufacturing

Passenger car sales up 5% in May: SIAM (Lead)

New Delhi, (IANS) Domestic passenger car sales went up by 4.80 % last month as compared to the same period last year, industry data showed on Friday.

As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), some 166,630 passenger cars were sold in May, 2017, as compared to 158,996 units sold in May, 2016.

The off-take of other sub-segments such as utility vehicles rose by 18.80 % during the month with 69,845 units, while sales of vans increased by 9.50 % to 15,167 units.

Industry data revealed that domestic passenger vehicle sales edged higher by 8.63 % in May to 251,642 units from 231,640 sold during the corresponding period in 2016.

However, the data showed that overall commercial vehicles' sales declined by 6.36 % to 53,457 units in May. The segment is a key indicator of economic activity.

Similarly, the three-wheelers segment's off-take also receded. It declined by 22.40 % to 36,066 units during the month under review.

In contrast, the overall sales of two-wheelers, which include scooters, motorcycles and mopeds, was increased by 11.89 % to 1,694,325 units.

Product-wise, scooter sales last month rose by 24.02 % to 563,326 units, while motorcycle sub-segment's off-take edged-higher by 7.72 % to 1,060,746 units. On the other hand, mopeds segment's sales was lower by 6.83 % to 70,253 units.

The industry data disclosed that the Indian automobile sector reported a rise of 10.05 % in May 2017 -- with total sales at 2,035,490 units across segments and categories.

Moreover, the overall exports across categories increased by 8.89 % to 329,068 units during last month.

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S Vijaykrishnan
S Vijaykrishnan

IANS

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