Automobiles sale slows down in June due to stock liquidation by dealers
Automobiles sale slows down in June due to stock liquidation by dealers
Society of Indian Automobile Manufacturers (SIAM) on 10 July said that the industry has produced a total, 6,914,544 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-June 2017 as against 6, 431, 938 in April-June 2016, thus registering a growth of 7.50 percent over the same period last year.
As per the industry body, the domestic sale of passenger vehicles grew by 4.38 percent in April -June 2017 over the same period last year.
Within the passenger vehicles, passenger cars, utility vehicle and vans grew by 3.89 percent, 7.53 percent, (-)2.96 percent respectively in April-June 2017 over the same period last year.
Overall commercial vehicles segment sales declined by (-) 9.08 percent in April-June 2017 as compared to the same period last year.
"The medium and heavy commercial vehicles declined by (-)31.82 percent, while light commercial vehicle's grew by 7.78 percent in April-June 2017 over the same period last year," added SIAM.
Three wheelers sales declined by (-)24.75 percent in April-June over the same period last year.
However, the two wheelers sales registered a growth of 7.78 percent in April-June over April-June 2016. Within the two wheelers segment, scooters and motorcycles grew by 20.06 percent and 3.44 percent respectively, while mopeds declined by (-)10.92 percent in April-June 2017 over April-June 2016.
-ANI