Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 5.0
Article rating: 5.0
Article rating: 4.8
Article rating: No rating
Article rating: 5.0
Article rating: 3.6
Article rating: 2.0
Article rating: 3.6
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating


Sales of passenger cars witnesses 4% rise in November

Author: IANS/Tuesday, December 12, 2017/Categories: Auto & Ancillary

Sales of passenger cars witnesses 4% rise in November

New Delhi - Domestic sales of passenger cars rose by 4.49% in November, as compared to the same period in 2016, industry data showed.

According to the Society of Indian Automobile Manufacturers (SIAM), 181,395 units of passenger cars were sold during the month under review, up from 173,607 units in November 2016.

Besides passenger cars sales, the off-take of other sub-segments of passenger vehicle category such as utility vehicles edged higher by 44.65% during the month to 77,824 units while sales of vans rose by 19.34% to 16,189 units.

Consequently, the overall domestic passenger vehicle sales increased by 14.29% in November 2017 to 275,417 units from 240,983 units sold during the corresponding period of 2016.

Similarly, the industry data revealed that sales of overall commercial vehicles zoomed by 50.43% to 68,846 units in November. The segment is a key indicator of economic activity.

Another major segment -- three-wheelers -- sales accelerated by 78.63% to 60,131 units during the month.

In addition, overall sales of two-wheelers, which include scooters, motorcycles and mopeds climbed up by 23.49% to 1,535,277 units.

The industry data disclosed that the Indian automobile sector reported an increase of 24.05% during November 2017 -- with total sales at 1,939,671 units across segments and categories.

Moreover, the overall exports across categories edged higher by 23.25% to 351,847 units which were shipped out during last month.

According to Sridhar V, Partner, Grant Thornton India LLP, the performance of the OEM's (original equipment manufacturer's) across categories came on the back of a low base. 

"While one can see some ups and downs in the current year the story is that the growth is perceivable and venturing into a stabilising environment amidst the rumble and tumble of various policy measures faced during the year," Sridhar V said.

"Movement towards mid-size feature filled sedans and premium two wheelers apart from growth in scooter segment is visible and is a reflection of the customer transitioning and contribution from rural growth. Commercial vehicles sales shows a stabilising trend."

Print Rate this article:
No rating

Number of views (213)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free