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The Automotive Industry in India produced 26,202,671 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two-wheelers and quadricycle in April-February 2018, against 23,078,120 in April-February 2017, enrolling a development of 14.41% over a similar period a year ago.
Passenger Vehicles sales during
the period of April-February 2018 grew by 8.04% over a similar period a year ago.
Inside the passenger vehicles, passenger cars, utility vehicles and vans grew
by 3.62%, 21.34%, and 4.25% respectively.
Commercial Vehicles segment
enrolled a growth of 19.30% in April-February 2018, as compared with a similar
period a year ago.
Medium and Heavy Commercial
Vehicles (M&HCVs) grew by 11.91% and Light Commercial Vehicles grew by
24.64% amid April-February 2018 over a similar period a year ago.
Three Wheelers sales witnessed
growth of 19.11% in April-February 2018 over a similar period a year ago.
Traveler Carrier sales registered a growth of 22.36% and Goods Carrier sales
grew by 6.80% in April-February 2018 over April-February 2017.
Two-wheeler segment witnessed
sales growth of 14.47% in April-February 2018 over a similar period a year ago.
Inside the Two Wheelers segment, Scooters and Motorcycles developed by 21.18%
and 12.66% respectively, while demand for Mopeds declined by (- ) 4.83% in
April-February 2018 over April-February 2017.
In April-February 2018, overall
automotive trade expanded by 15.81%. Two and three wheelers segments witnessed
the growth of 20.30% and 37.02% separately, while Passenger and Commercial
vehicles declined by (- ) 1.80% and (- ) 13.26% individually in April-February
2018 over a similar period a year ago.
In India, with new vehicle market
witnessing growth, there is a large inventory of used vehicles available for
re-sale. Thereby used automotive industry, showcase uptick demand even when the
new automotive industry witnesses the downfall, demonstrating that used vehicle
industry will keep on moving forward.
So, what are you sitting tight for? If you are keen on
procuring used vehicles and equipment visit your nearby Shriram Automall or
visit us at www.samil.in to know how Shriram
Automall India Limited (SAMIL) encourages the exchange of used vehicles and
equipment, including passenger vehicles, two-wheelers, commercial vehicles,
agricultural/construction equipment and so forth through its online/ physical
bidding events.
Tap the link beneath for simple enlistment or to download
MySAMIL Mobile App and stay updated.
Link:
Download MySAMIL Mobile
App:
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