Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Make In India

The Automobile Sector in India Shows Conducive Growth: SIAM

As per the data released by the SIAM, sales of domestic passenger cars increased by 6.86 percent in September to 208,656 units from 195,259 units sold in the corresponding period of 2016.

author-image
SMEStreet Desk
10 Oct 2017 06:34 IST

Follow Us

New Update
SIAM, Rajan Wadhera

Acknowledging the positive automobile sales reports from various pars of the country, Society of Indian Automobile Manufacturers (SIAM) said that the environment for the overall growth of the automobile sector "looks conducive".

"At the moment the growth is looking good, September obviously is consequent to festive season and has good numbers, also October will have two major festivals Dhanteras and Diwali, so sales look good," said Rajan Wadhera, Vice President, SIAM.

"Overall, the environment looks conducive for growth." says the SIAM analysis.

Also Read: SMEStreet Coverage on Electric Cars Manufacturing 

As per the data released by the SIAM, sales of domestic passenger cars increased by 6.86 percent in September to 208,656 units from 195,259 units sold in the corresponding period of 2016.

The off-take of other sub-segments such as utility vehicles zoomed up by 26.21 percent during the month to 84,374 units, while sales of vans rose by 3.72 percent to 16,925 units.

The industry data revealed that the overall domestic passenger vehicle sales edged higher by 11.32 percent in September to 309,955 units from 278,428 units sold during the corresponding period in 2016.

The overall commercial vehicles' sales recorded healthy growth last month. It rose 25.27 percent to 77,195 units in September. The segment is a key indicator of economic activity.

The three-wheeler segment's off-take increased by 19.08 percent to 61,860 units during the month under review.

Besides three-wheelers, the overall sales of two-wheelers, which include scooters, motorcycles and mopeds, increased by 9.05 percent to 2,041,024 units.

Similarly, the industry data showed that the Indian automobile sector's sales rose by 10 percent in September 2017 -- with total sales at 2,490,034 units across segments and categories.

The overall exports across categories increased by 12.73 percent to 354,049 units during last month.

Related articles across the web

  • Boris is the only Tory who can lead the party to win the next election, says PETER HILL
  • Electric trike-maker Arcimoto is going public - here's a closer look at its $12,000 'Fun Utility Vehicle' (FUV)
Automotive Automobile SUV Mahindra Rajan Wadhera SIAM
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!