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11
August 2017
Sales
of domestic passenger cars increased by 8.52 per cent in July, as compared to
the same period last year, data showed on Friday. The Total Investment & Insurance Solutions
As
per data furnished by the Society of Indian Automobile Manufacturers (SIAM),
192,773 passenger cars were sold in July, 2017 as compared to 177,639 units
sold in July, 2016.
The
off-take of other sub-segments such as utility vehicles zoomed up by 35.52 per
cent during the month to 86,874 units, while sales of vans rose by 7.64 per
cent to 19,350 units.
Industry
data revealed that the overall domestic passenger vehicle sales edged higher by
15.12 per cent in July to 298,997 units from 259,720 sold during the
corresponding period in 2016.
Further,
the data showed that overall commercial vehicles' sales increased by 13.78 per
cent to 59,000 units in July. The segment is a key indicator of economic
activity.The Total Investment & Insurance
Solutions
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