The industry produced an aggregate 29,075,605 units of vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-March 2018 as against 25,330,967 in April-March 2017, enlisting a development of 14.78% over a similar period year ago.
In FY-18, sales of Passenger Vehicles sales grew by 7.89% in April-March 2018 over a similar period a year ago. Inside the Passenger Vehicles Segment - Passenger Cars, Utility Vehicle and Vans developed by 3.33%, 20.97% and 5.78% individually in April-March 2018 over a similar period a year ago.
The Commercial Vehicles segment demand in the market grew by 19.94% in April-March 2018 when contrasted with a similar period a year ago. Medium and Heavy Commercial Vehicles (M&HCVs) developed by 12.48% and Light Commercial Vehicles developed by 25.42% in April-March 2018 over a similar period a year ago.
Three Wheelers sales grew by 24.19% in April-March 2018 over a similar period a year ago. Inside the Three Wheelers - Passenger Carrier and Goods Carrier sales enlisted a development of 28.65% and 7.83% separately in April-March 2018 over April-March 2017.
Two Wheelers deals enlisted a growth at 14.80% in April-March 2018 over April-March 2017. Inside the Two Wheelers section, Scooters and Motorcycles developed by 19.90% and 13.69% separately, while Mopeds declined by ( - ) 3.48% in April-March 2018 over April-March 2017.
Exports also played a crucial role in upward trend for automotive Industry in FY 2017-18. As in period of April-March 2018, overall automobile exports increased by 16.12%.
Two and Three Wheelers Segments enlisted a growth of 20.29% and 40.13% individually, while Passenger Vehicles and Commercial Vehicles declined by (- )1.51% and (- ) 10.53% separately in April-March 2018 over a similar period a year ago.
With increase in demand for new automotives in the market, used automotive industry as well has witnessed the robust demand in the same segment. Shriram Automall India Limited (SAMIL), being the leading name in the country for used vehicle and equipment transaction, anticipates the customer demand and offers most reliable used vehicles and equipment through remarkably convenient and transparent bidding platforms.
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