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       Production of vehicles up by 14.41% till Feb'18
 
         Posted on :17:55:38 Mar 12, 2018
   
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       Last edited on:17:55:38 Mar 12, 2018
         Tags: Production of vehicles up by 14.41% till Feb
 

NEW DELHI: Production of vehicles saw a growth of 14.41 per cent in April-February 2018, the Society of Indian Automobile Manufactures (SIAM) said on Monday.

As per the chamber's data, a total of 26,402,671 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadric-cycles were produced in April-February 2018 as against 23,078,120 in April-February 2017.

The domestic sale of passenger vehicles grew by 8.04 per cent in April-February 2018 over the same period last year. Within this segment, passenger cars, utility vehicle and vans grew by 3.62 per cent, 21.34 per cent and 4.25 per cent respectively in April-February 2018 over the same period last year.

The overall commercial vehicles segment grew by 19.30 per cent in April-February 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) grew by 11.91 per cent and Light Commercial Vehicles (LCV) grew by 24.64 per cent in April-February 2018 over the same period last year.

Meanwhile, three wheeler sales grew by 19.11 per cent in April-February 2018 over the same period last year. Within this category, passenger carrier and goods carrier sales registered a growth of 22.36 per cent and 6.80 per cent respectively in April-February 2018 over April-February 2017.

Domestic two wheeler sales registered a growth at 14.47 per cent in April-February 2018 over April-February 2017. Within the segment, scooters and motorcycles grew by 21.18 per cent and 12.66 per cent respectively, while mopeds declined by (-) 4.83 per cent in April-February 2018 over April-February 2017.

On the exports front, in April-February 2018, overall automobile exports increased by 15.81 per cent. Two and three wheeler segments registered a growth of 20.30 per cent and 37.02 per cent respectively, while passenger vehicles and commercial vehicles declined by (-) 1.80 per cent and (-) 13.26 per cent respectively in April-February 2018 over the same period last year.

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       AUTOMOBILE
Next Article: New Rolls-Royce Phantom arrives in North India
 
 
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