Automobile sales in India grow by 10% in May 2017

Automobile sales in India grow by 10% in May 2017

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New Delhi: Auto-enterprise inside the month of May 2017 registered an overall growth of 10.05% in its domestic sales because the enterprise sold a total of two,  half,490 motors throughout all categories as against 1,849,542 gadgets in May 2016, as in step with variety released by using Society of Indian Automobile Manufacturers (SIAM).New Delhi: Auto-enterprise inside the month of May 2017 registered an overall growth of 10.05% in its domestic sales because the enterprise sold a total of two,  half,490 motors throughout all categories as against 1,849,542 gadgets in May 2016, as in step with variety released by using Society of Indian Automobile Manufacturers (SIAM).


Passenger automobiles (Cars, UVs, Vans) sold a total of 251,642 devices reporting a boom of eight.63%. Total passenger motors sold in May 2016 have been 231,640 units. The UV area fueled the increase of PVs because it grew by 18.Eighty% by means of selling sixty-nine,845 unit the final month. A number of passenger cars offered closing month stood at 166,630 units developing through four.8%.
The slowdown in domestic income of industrial automobiles preserves after the pre-buy season closing yr. In the domestic market, inside pending month.Sales of M&HCV declined by means of 33% closing month. The enterprise offered a total of 13,574 gadgets in May 2017 as against 20,780 in the equal month remaining coresLight industrial motors income extended by using 14.32% as 36,741 gadgets of LCVs were offered remaining month.
Scooters have brought to the overall two-wheeler growth in the home marketplace as the two-wheeler area boomed with the aid of eleven.89%. The introduction of latest new fashions and BS-IV versions is sighted as one of the predominant cause for the clean demand of two-wheelers.
May 2017 Sales ChartSegment Domestic Sales – May 2017 Exports – May 2017Passenger Vehicles (Cars, UVs, Vans) 251,642 (+ 8.Sixty three)% 64,707 (+ 25.59%)Commercial Vehices (M&HCV, LCV) 53,457 (- 6.36%) 6,635 (- 27.Forty nine%)Three-Wheelers 36,066 (- 22.40%) 27,one hundred fifty (+ 27.31%)Two-Wheelers (Scooters, Motorcycles) 1,694,325 (+ 11.89) 230,444 (+ 4.90%)TOTAL 2,1/2,490 (10.05%) 329,068 (8.89%)
A general of 563,326 devices of scooters had been offered remaining month as against 454,213 devices in May 2016, growing by 24.02%. Motorcycle sales clocked a complete of 1,060,746 units growing at 7.72%.
May 2017 has also been appropriate on the exports front. Passenger automobile exports grew by way of 25.59% by exporting 64,707 devices.
Exports of LCV’s declined by way of over forty-five% forcing the general commercial vehicle to record a decline in exports by way of 27.Forty-nine%. M&HCV exports elevated marginally to 3,523 gadgets in May 2017 as compared to three,482 devices in May 2016.
Also examine: Complete India Auto Sales Analysis: PV makers submit double-digit increase; -wheelers on increase trajectory
The -wheeler industry exported a complete of 230,444 units last month as against 219,679 units in May 2016, growing by way of 4.90%.
Overall exports of vehicles increased with the aid of 8.89% in May 2017 because the enterprise exported 329,068 gadgets throughout all motors segment. The industry had exported 302,198 devices in May 2016.It has a novel way of connecting with the latest trends in the automobile industry across the globe. It stays connected with Internet to pick out the videos featuring new automobiles and new technologies. The automobile enthusiasts have to just download this application and install on their devices to get the recent updates on the happenings in the world of automobiles

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