Indian Economy News

Passenger vehicle sales grow 16.78% in July : SIAM

New Delhi: Sales of passenger vehicles grew by a robust 16.78% to 259685 units last month driven by demand for new launches such as Brezza, Baleno, Kwid.

Sales of utility vehicles rose by 41.85% to 64105 units. Those of passenger cars increased by 9.62% to 177604 units in July.

Demand for commercial vehicles, however, went up by a meagre 0.11% with medium and heavy commercial vehicle sales falling by 7.61% to 21307 units. Sales of light commercial vehicles increased by 6.31% to 30546 units last month.

Sales of two-wheelers rose by 13.52% to 1476340 units. While sales of scooters went up by a sharp 16.66% to 504258 units, those of motorcycles grew by 10.98% to 897092 units.

Vehicle sales across categories went up by 13.22% during the month to 1833976 units.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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