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10
April 2018
 |
Domestic passenger cars (The Total Investment
& Insurance Solutions)
Sales of domestic passenger
cars inched up in March, data showed on Tuesday.
As per the data from the
Society of Indian Automobile Manufacturers (SIAM), 191,082 passenger cars were
sold in March -- up from 190,236 units off-take during the corresponding month
of 2017.
However, the off-take of
other sub-segments of passenger vehicle category such as utility vehicles edged
higher by 17.74 per cent during the month to 91,483 units while sales of vans
rose by 22.97 per cent to 18,157 units.
Consequently, the overall
domestic passenger vehicle sales inched up by 6.38 per cent in March to 300,722
units from 282,698 units sold during the corresponding period in 2017. The Total Investment & Insurance
Solutions
Similarly, the industry
data revealed that sales of overall commercial vehicles zoomed by 24.55 per
cent to 108,681 units in March. The segment is a key indicator of economic
activity. The Total Investment &
Insurance Solutions
Another major segment --
three-wheelers -- sales accelerated by 85.81 per cent to 72,465 units during
the month. The Total Investment &
Insurance Solutions
In addition, overall sales
of two-wheelers, which include scooters, motorcycles and mopeds, climbed by
18.35 per cent to 1,741,649 units.
The data disclosed that the
Indian automobile sector reported an increase of 18.23 per cent during March
2018 -- with total sales at 2,223,517 units across segments and categories. The Total Investment & Insurance
Solutions
Moreover, the overall
exports across categories edged higher by 19.52 per cent to 364,199 units last
month.The Total Investment & Insurance
Solutions
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