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Thursday, 15 March 2018

Indian Automotive Industry's Domestic Sales Grew by 14.41% in April-Feb'2018


http://gulfnews.com

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.

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

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