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Thursday, 18 January 2018

In April-Dec 2017, Auto industry Posts 11.27% Growth


The Auto-industry produced total of 21,415,719 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-December 2017, against 19,247,352 in April-December 2016, resulting in growth of 11.27% over the same period last year.

During the same period i.e. in April-December 2017, passenger vehicle sales grew by 8.13%. Within the passenger vehicles passenger cars, utility vehicle and vans grew by 4.19%, 19.43% and 6.86%, respectively over the period of April-December 2016.

Three wheelers sales grew by 7.89%. Within the three wheelers, passenger carrier and goods carrier sales registered a growth of 8.25% and 6.39%, respectively, in April-December 2017, compared to April- December 2016.

Two wheelers sales registered a growth at 11.76% in April-December 2017, over April- December 2016. Within the two wheelers segment, scooters and motorcycles grew by 18.52% and 9.77% respectively, while mopeds declined by 6.15% in April- December 2017, over April- December 2016.
Overall automobile exports increased by 13.01%, in April- December 2017. The two and three-wheeler segments registered a growth of 17.75% and 30.27%, respectively, while passenger vehicles and commercial vehicles declined by 3.4% and 18.1%, respectively, in April- December 2017 over the same period last year.

As ratio of used automotive to that of the new one is 1:1, used automotive industry also witnessed a positive growth in April- December 2017. Shriram Automall India Limited (SAMIL) the largest used vehicle and equipment provider in the country disposed number of used vehicles during the period.

So if you are also looking forward to acquire or dispose used vehicle or equipment at optimal prices, visit your nearby Shriram Automall today.

You can also click the link below for convenient registration.

Download MySAMIL App: https://goo.gl/BMpnCf

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