India’s Car Market Maintains Same Pace, Bikes Registers Sharp Growth of 25% in March 2018

Car sales were marginally up at 1,91,082 units last month as against 1,90,236 units in March last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).

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Domestic passenger vehicle sales were up 6.38 per cent at 3,00,722 units in March as against 2,82,698 units in the same month last year. Car sales were marginally up at 1,91,082 units last month as against 1,90,236 units in March last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).

Motorcycle sales last month jumped by 25.13 per cent to 11,45,221 units compared to 9,15,259 units in March 2017.

Total two-wheeler sales in March were higher by 18.35 per cent to 17,41,649 units compared to 14,71,636 units in the year-ago month. Sales of commercial vehicles grew by 24.55 per cent to 1,08,681 units in March as against 87,258 units, SIAM said. Vehicle sales across categories registered 18.23 per cent growth to 22,23,517 units from 18,80,592 units in March 2017, it added.

For the fiscal ended March 31, domestic passenger vehicles sales were at 32,87,965 units as against 30,47,582 units in the previous year, up 7.89 per cent.

Car sales for 2017-18 were at 21,73,950 units as against 21,03,847 units in 2016-17, a growth of 3.33 per cent.

Total two-wheeler sales in FY18 stood at 2,01,92,672 units as against 1,75,89,738 units in FY17, up 14.8 per cent, SIAM said.

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