Higher gear! April passenger car sales up 18% at 159,548 units

Commercial vehicle sales grew 6.48% to 45,872 units in April, but light commercial vehicle sales were down 3.82% to 26,595 units

May 11, 2015 07:05 IST India Infoline News Service

Car sales grew at their fastest pace in nearly three years in April at 18.14% to 159,548 units due to a dramatic shift in the market sentiment, Society of Indian Automobile Manufacturers (SIAM) said on Monday. 

The industry produced a total 1,909,327 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in April 2015 as against 1,861,874 in April 2014, registering a marginal growth of 2.55 percent over the same month last year.

Domestic Sales

The sales of Passenger Vehicles grew by 15.83 percent in April 2015 over the same month last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 18.14 percent, 7.00 percent and 19.69 percent respectively in April 2015 over the same month last year

The overall Commercial Vehicles segment registered a growth of 6.48 percent in April 2015 as compared to same month last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth at 24.94 percent while Light Commercial Vehicles declined by (-) 3.82 percent.

Three Wheelers sales declined by (-) 2.33 percent in April 2015 over the same month last year. Passenger Carriers and Goods Carriers declined by (-) 2.68 percent and (-) 1.05 percent respectively in April 2015 over April 2014.

Two Wheelers sales registered a de-growth of (-) 0.16 percent in April 2015 over April 2014. Within the Two Wheelers segment, Scooters, and Mopeds grew by 5.38 percent and 9.88 percent respectively while Motorcycles dropped by (-) 2.77 percent in April 2015 over April 2014.

Exports

In April 2015, overall automobile exports grew by 7.66 percent. Passenger Vehicles, Commercial Vehicles and Three Wheelers registered a growth at 20.87 percent, 19.87 percent and 79.24 percent respectively while Two Wheelers declined by (-) 5.27 percent in April 2015 over April 2014.

Commercial vehicle sales grew 6.48% to 45,872 units in April, but light commercial vehicle (LCV) sales were down 3.82% to 26,595 units.

In April this year, passenger vehicle sales grew 15.83% to 217,949 units. 

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