Passenger Vehicle sale declines

By Indian Retailer Bureau

As per latest figure revealed by Society of Automobile manufactures (SIAM) the sales of Passenger Vehicles is declined by 3.46 percent in April-May 2014 over the same period last year.

Within the Passenger Vehicles segment, Passenger Cars and Vans declined by 3.68 percent and 16.36 percent respectively. However, the Utility Vehicles grew by 2.46 percent in April-May 2014 over the same period last year.

The overall Commercial Vehicles segment registered a de-growth of 19.69 percent in April-May 2014 as compared to same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered negative growth at 13.81 percent and Light Commercial Vehicles also dropped by 22.59 percent.

Three Wheelers sales grew by 5.29 percent in April-May 2014 over the same period last year. Passenger Carriers and Goods Carriers grew by 6.08 percent and 2.21 percent respectively in April-May 2014 over April-May 2013.

Two Wheelers sales registered growth of 14.03 percent in April-May 2014 over April-May 2013. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 30.32 percent, 9.93 percent and 1.60 percent respectively in April-May 2014 over April-May 2013.