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       BUSINESS Next Article: GST rate on mass consumption items cut to 18pc  
       Production of vehicles up by 8.13 pct, sales by 7.67 pct
 
         Posted on :16:08:00 Nov 10, 2017
   
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       Last edited on:16:08:00 Nov 10, 2017
         Tags: Production of vehicles up by 8.13 pct, sales
 

NEW DELHI: The auto industry has registered growth in production and sale of vehicles between April and October this year, as observed from the figures reported by the Society of Indian Automobile Manufacturers (SIAM).

The industry produced a total 17,097,096 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2017, as against 15,811,071 in April-October 2016, thus registering a growth of 8.13 percent over the same period last year.

As per the SIAM data, the sale of passenger vehicles grew by 7.67 percent in April-October 2017 over the same period last year. Within the passenger vehicles, passenger cars, utility vehicle and vans grew by 4.72 per cent, 16.95 per cent and 2.86 per cent respectively in April-October 2017 over the corresponding period last year.

The overall commercial vehicles segment grew by 6.04 per cent in April-October 2017 as compared to the same period last year. Medium and Heavy Commercial Vehicles (M&HCVs) declined by (-) 5.38 per cent, while light commercial vehicles grew by 13.97 per cent in April-October 2017 over the same period last year.

Three wheeler sales also declined by (-) 6.27 per cent in April-October 2017 over the same period last year. Within the three wheeler segment, passenger carrier sales registered de-growth of (-) 8.52 per cent, while goods carrier grew by 3.83 per cent in April-October 2017 over April-October 2016.

Two wheeler sales registered a growth of 8.09 per cent in April-October 2017 over April-October 2016. Within the two wheeler segment, scooters and motorcycles grew by 14.63 per cent and 5.93 per cent respectively, while mopeds declined by (-) 7.08 per cent in April-October 2017 over April-October 2016.

On the exports front, in April-October 2017, overall automobile exports grew by 10.37 per cent. Two and three-wheeler segments registered a growth of 15.87 per cent, and 17.93 per cent respectively while passenger vehicles and commercial vehicles declined by (-) 4.13 per cent and (-) 28.05 per cent respectively in April-October 2017 over the same period last year.

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       BUSINESS
Next Article: GST rate on mass consumption items cut to 18pc
 
 
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