Q1 passenger car sales up 8 percent: SIAM

New Delhi, July 9 (IANS) The passenger car segment sales grew by 8.57 percent in the first quarter (Q1) of the current fiscal and stood at 482,332 units from 444,242 units sold during the corresponding period of 2014-15, industry data showed on Thursday.
Data furnished by the Society of Indian Automobile Manufacturers (SIAM) showed that the total passenger vehicle segment sales, which include cars, utility vehicles and vans, went up by 6.17 percent in the quarter under review.

The total passenger vehicle segment sales in Q1 stood at 653,302 units from 615,322 units sold in the corresponding period of last fiscal.

However, sales of utility vehicles fell by 0.57 percent at 128,064 units. The off-take of vans grew by 1.47 percent and stood at 42,906 units.

The industry data for the last quarter reported a 3.55 percent growth in the overall commercial vehicles segment sales, which is a key indicator of economic activity.

The commercial vehicles segment off-take for Q1 stood at 146,159 units from 141,145 units sold during the corresponding quarter of 2014-15.

Sales of three-wheelers declined by 6.77 percent in the quarter under review at 113,041 units from 121,254 units sold in Q1 of 2014-15.

Sales of two-wheelers marginally gained by 0.64 percent at 3,975,724 units from 3,950,442 units sold in the like month of 2014.

Scooter sales in Q1 were up 7.25 percent at 1,079,535 units, while motorcycle sales declined by 1.97 percent at 2,712,769 units.

Exports for the month under review went up by 9.22 percent at 915,895 units from 838,602 units shipped out during the corresponding quarter of 2014-15.

Total automobile sales in Q1 marginally rose by 1.24 percent at 4,888,226 units from 4,828,163 units sold in the corresponding quarter of last fiscal.

The domestic passenger car sales during June grew by 1.53 percent at 162,677 units from 160,232 units sold during the corresponding month of 2014.

The total passenger vehicle sales, however, slipped by 0.54 percent to 217,642 units.

Overall commercial vehicles sales inched up by 0.72 percent and stood at 51,446 units from 51,079 units sold during the corresponding month of 2014.

Sales of two-wheelers last month gained by 3.55 percent to 1,307,710 units from 1,262,883 units sold in the like month of 2014.

Exports for June zoomed by 16.53 percent at 315,800 units from 271,014 units shipped out during June 2014.

Total automobile sales in June marginally gained by 2.56 percent at 1,620,673 units from 1,580,173 units sold in the corresponding month of 2014.

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