Car sales up 9.53%, passenger vehicles up 16.68% in Aug: SIAM
The Dollar Business Bureau Things seem to be looking good for the automobile industry in India. The Society of Indian Manufacturers (SIAM) released optimistic growth figures of car and passenger vehicles sales in August. According to SIAM, Domestic passenger vehicle sales grew 16.68% to 2,58,722 units in August from 2,21,743 units in the same month last year. Car sales were also up by 9.53% to 1,77,829 units as against 1,62,360 units in August last year. Motorcycle sales also jumped last month by 22.19% to 10,05,666 units as against 8,23,051 units a year before. In all the two wheeler segment sales in August grew 26.32% to 16,48,883 units compared with 13,05,248 units in the same month a year ago. The sales of commercial vehicles rose by 1.53% ...
Two-wheelers drive up Indias automobile exports in H1 FY2014-15
The Dollar Business Bureau | @TheDollarBiz India’s overall automobile exports continue to perform well, growing by almost 20% y-o-y in the first six months of FY2014-15, while domestic sales remain slow. According to the Society of Indian Automobile Manufacturers (SIAM), most of the increase in exports was due to growth in two-wheeler exports, which grew by around 27.84% y-o-y during April – September 2014. Commercial vehicles exports grew 15.55%, while three-wheeler exports increased by 13.27% y-o-y in April – September 2014. However, passenger vehicles exports declined by almost 1% in H1 FY2014-15. Source - SIAM Automobile production is also up. According to SIAM, the industry produced a total of 2,227,140 vehicles in September 2014, which is up about 22.45% from September 2013, ...
