SME Times News Bureau | 11 Aug, 2017
Sales of domestic
passenger cars increased by 8.52 per cent in July, as compared to the same
period last year, data showed on Friday.
As per data furnished by the Society of Indian Automobile Manufacturers (SIAM),
192,773 passenger cars were sold in July, 2017 as compared to 177,639 units
sold in July, 2016.
The off-take of other sub-segments such as utility vehicles zoomed up by 35.52
per cent during the month to 86,874 units, while sales of vans rose by 7.64 per
cent to 19,350 units.
Industry data revealed that the overall domestic passenger vehicle sales edged
higher by 15.12 per cent in July to 298,997 units from 259,720 sold during the
corresponding period in 2016.
Further, the data showed that overall commercial vehicle sales increased by
13.78 per cent to 59,000 units in July. The segment is a key indicator of