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After creating history by crossing the 3 million mark in
domestic sales and growing 9.23%, during 2016-17 and 9.96% during March 2017,
passenger vehicles have continued their growth streak during April, starting
the financial year FY’18 on a promising note.
Cumulative
numbers for the April-October 2017 period, looked positive for most segments,
with a total of 14,913,307 units (+7.62%), representing good overall fiscal for
the industry.
Despite shock prevailing post-demonetization market, the
Goods and Services Tax enforcement and the ensuing slowdown due to lot of
pre-buying before the implementation of new and expensive BS IV technology in
the month of April, the September sales for automotives in the country have
been positive.
In the month of September, Passenger Vehicle manufacturers managed a double-digit growth with SUVs
boosting sales and Two-wheelers while riding on the robust demand posted
highest ever sales.
On the other hand Commercial Vehicles continued to grow
with Tata Motors recording a sales increase of 29 % in the domestic market at
36,679 units compared to September 2016.
In October, as the
festive season was right around the corner, and after bumper month of festive
September, passenger vehicle sales hit a record 309,955 units and overall
industry sales notched 2,490,034 units for a year-on-year growth of 10 %.
Yet, overall industry
showed the mixed bag of performance since April to October 2017 with Total vehicle sales across segments being
2,162,164 units (-1.79%), out of
which passenger vehicle sales were 279,837
units (-0.30%), commercial vehicles sales were 69,793 units (+6.44%),
three-wheelers sales were 61,568 units (+12.81) and two-wheelers sales
were 1,750,966 units (-2.76%).
As ratio of UsedAutomotive to that of the New One is 1:1, Used Automotive Industry is also on
the road towards growth. So if you are looking forward to acquire or disposeused vehicle and equipment at optimal prices, visit your nearby Shriram Automall
today.
Shriram Automall IndiaLimited (SAMIL) the No.1 Used Vehicle and Equipment Provider in India, through
its extensive line up is the leading service provider.
You can also click the
link below for convenient registration.
Link:
Download MySAMIL App:https://goo.gl/BMpnCf
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