Auto sales in April rise 7.5%
10 May 2018
Buoyant on a robust sales of utility vehicles, cars and vans, passenger vehicle (PV) sales in India rose by 7.5 per cent in April over the same month last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Within the PV segment, the sales for passenger cars, utility vehicles and vans grew 4.89 per cent, 11.92 per cent and 18.99 per cent, respectively, during the month under review.
The overall commercial vehicles segment registered a growth of 75.95 per cent growth in April 2018, while medium and heavy commercial vehicles (M&HCVs) sales rose 169.26 per cent and light commercial vehicles grew 43.92 per cent.
Three-wheelers sales rose by 54.17 per cent, while within the three-wheelers, passenger carrier sales posted a a growth of 63.64 per cent growth and goods carrier grew by 25.66 per cent in April 2018 over April 2017.
Two-wheeler sales registered a 16.92 per cent rise, with scooters, motorcycles and mopeds grew by 12.63 per cent, 19.38 per cent and 16.86 per cent, respectively.
The industry produced a total 2,645,618 vehicles including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles in April 2018 as against 2,242,965 in April 2017. This a of 17.95 per cent rise over the same month last year.
In April 2018, overall automobile exports grew by 24.21 per cent. While passenger vehicles exports fell 15.89 per cent, commercial vehicles, three-wheelers and two-wheelers registered a growth of 51.99 per cent, 88.16 per cent and 26.85 per cent, respectively in April 2018.
“Auto sector has had a good start off the block with all categories showing a very respectable growth over the previous year. While passenger cars, as in sedans, have grown at a slower pace, comparably there is a noticeable recovery from the previous years and is much more positive in relation to SUVs; which have again shown to be the favourites,” Sridhar V, Partner at Grant Thornton India said.
“Commercial vehicles though at the back of a low base have reported fabulous growth, it is expected to show a growing trend especially with the monsoon prediction being positive and a fair amount of that growth is expected to be also on account of replacements and strict enforcement of compliance with overloading. The sale this month in two-wheelers is the second highest over the last 36 months, close to breaching the 2 million mark which has happened only once in September 2017,” he added.