Passenger car sales up 5% in May: SIAM

New Delhi, June 9 (IANS) Domestic passenger car sales went up by 4.80 per cent last month as compared to the same period last year, industry data showed on Friday.

As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), some 166,630 passenger cars were sold in May, 2017, as compared to 158,996 units sold in May, 2016.

The off-take of other sub-segments such as utility vehicles rose by 18.80 per cent during the month with 69,845 units, while sales of vans increased by 9.50 per cent to 15,167 units.

Industry data revealed that domestic passenger vehicle sales edged higher by 8.63 per cent in May to 251,642 units from 231,640 sold during the corresponding period in 2016.

However, the data showed that overall commercial vehicles' sales declined by 6.36 per cent to 53,457 units in May. The segment is a key indicator of economic activity.

Similarly, the three-wheelers segment's off-take also receded. It declined by 22.40 per cent to 36,066 units during the month under review.

In contrast, the overall sales of two-wheelers, which include scooters, motorcycles and mopeds, was increased by 11.89 per cent to 1,694,325 units.

Product-wise, scooter sales last month rose by 24.02 per cent to 563,326 units, while motorcycle sub-segment's off-take edged-higher by 7.72 per cent to 1,060,746 units. On the other hand, mopeds segment's sales was lower by 6.83 per cent to 70,253 units.

The industry data disclosed that the Indian automobile sector reported a rise of 10.05 per cent in May 2017 -- with total sales at 2,035,490 units across segments and categories.

Moreover, the overall exports across categories increased by 8.89 per cent to 329,068 units during last month.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)