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Passenger vehicle sales up 11% in April: SIAM

Economic Times:  May 09, 2016

New Delhi: Sales of passenger vehicles increased by 11.02% to 242060 units last month driven by demand for utility vehicles. While sales of passenger cars went up by 1.87% to 162566 units in April, those of utility vehicles grew by 42.83% to 62170 units.

Sales of commercial vehicles maintained its momentum on back of replacement demand. Sales of CVs grew by 17.36% to 53835 units.

The two-wheeler industry too fared better. While sales of scooters increased by 35.86% to 468368 units, demand for motorcycles shot up by a strong 16.24% to 1024926 units.

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