Except two wheelers, all other segments like cars, CVs, LCVs reported a fall in sales during April, says SIAM
The auto industry begin FY15 with declining sales in most segments during April, says Society of Indian Automobile Manufacturers (SIAM).
According to the data released by SIAM, in April sales of passenger vehicles, including cars, vans and utility vehicles fell 9.5%. Within the passenger vehicles, sales of cars and vans fell 10.15% and 27.04%, respectively, while utility vehicles registered marginal (0.27%) higher sales, compared with same month last year. Car sales declined to 1.35 lakh units in April as compared to 1.50 lakh units in the year-ago month.
The overall commercial vehicles segment registered a de-growth of 24% to 43,080 units in April 2014 as compared to same month last year. Medium and heavy commercial vehicles (M&HCVs) sales fell 17.1% and light commercial vehicles (LCV) also dropped by 27.37%, SIAM said.
Two wheelers, however reported higher sales in April. Total two-wheeler sales in April grew 11.7% to 13.04 lakh units as against 11.7 lakh units in the same month last year. During the month, scooters, motorcycles and moped sales rose 26.1%, 8.1% and 0.23%, respectively over April 2013.
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