Auto-industry in the month of May 2017 registered an overall growth of 10.05% in its domestic sales as the industry sold a total of 2,035,490 vehicles across all categories as against 1,849,542 units in May 2016, as per number released by Society of Indian Automobile Manufacturers (SIAM).
Passenger vehicles (Cars, UVs, Vans) sold a total of 251,642 units reporting a growth of 8.63%. Total passenger vehicles sold in May 2016 were 231,640 units. The UV space fueled the growth of PVs as it grew by 18.80% by selling 69,845 units last month. Number of passenger cars sold last month stood at 166,630 units growing by 4.8%.
Slowdown in domestic sales of commercial vehicles continue after the pre-buy season last year. In the domestic market,ponding month.
sales of M&HCV declined by 33% last month. The industry sold a total of 13,574 units in May 2017 as agianst 20,780 units in the same month last corres
Light commercial vehicles sales increased by 14.32% as 36,741 units of LCVs were sold last month.
Scooters have added to the overall two-wheeler growth in the domestic market as the two-wheeler space boomed by 11.89%. Introduction of new new models and BS-IV variants is sighted as one of the main reason for the fresh demand of two-wheeler.
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