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10 January
2017
The
Indian automobile sector sold a total of 21,901,572 units across segments and
categories to record a growth of 9.17 per cent during 2016, industry data
showed on Tuesday. The Total Investment
& Insurance Solutions
The
industry had sold a total of 20,061,389 units across segments and categories
during 2015.
According
to the Society of Indian Automobile Manufacturers (SIAM), the total passenger
vehicle sales, which includes cars, utility vehicles and vans, rose by 7.01 per
cent to 2,966,637 units in 2016.
The
industry data revealed that sales of overall commercial vehicles increased by
7.67 per cent. The segment is a key indicator of economic activity. The Total Investment & Insurance
Solutions
The
commercial vehicles segment's off-take for 2016 was 702,640 units.
The
three-wheelers' segment sales logged a rise of 6.12 per cent to 545,732 units
in 2016.
Overall,
sales of two-wheelers, which include scooters, motorcycles and mopeds,
increased by 9.70 per cent to 17,686,563 units.The Total Investment & Insurance Solutions
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