Car sales hit record high in India, over two million units sold in 2015
Car sales hit record high in India, over two million units sold in 2015
The cost of ownership remained stable in 2015-16 for petrol vehicles.
Despite fragmented recovery in request, passenger car industry in the country has ended the year two thousand fifteen with about ten per cent growth in sales. Also, total car sales in the country crossed two million units for the very first time. The previous highest was 1,998,703 units in 2012.
The calendar year witnessed passenger vehicle (include cars, utility vehicles (UVs) and vans), mighty trucks and buses, light passenger segment and scooters reporting positive growth, while light trucks, three wheelers and bikes registered fall in volumes.
Domestic passenger car sales rose 9.8 per cent to Two,034,015 units in two thousand fifteen as against 1,852,545 units in 2014. UVs reported a rise of Three.58 per cent at 565,638 units when compared with 546,088 units. However, vans reported a very marginal rise to 173,092 units from 172,103 units.
“Positive consumer sentiment, fresh launches and enlargening disposable incomes are driving the growth in car sales,” according Society of Indian Automobile Manufacturers Association.
“With RBI cutting repo rate by seventy five bps this fiscal, lower interest rates on passenger vehicle loans helped support request,” it added.
The cost of ownership remained stable in 2015-16 for petrol vehicles. For diesel vehicles, it is estimated to be lower by 2-4 per cent as compared to FY15 with petrol and diesel expected to decline by 6-8 per cent and 12-14 per cent respectively for 2015-16.
In medium and strenuous commercial vehicle segment, trucks reported a growth of 31.39 per cent at 237,952 units when compared with 181,105 units. Bus segment’s volumes stood at 42,436 units as against 34,529 units.
In the case of light commercial vehicle (LCV) segment, passenger category managed to post 11.37 per cent growth at 47,814 units, while petite trucks remained in negative lane with 6.7 per cent fall in volumes at 324,389 units (347,702 units).
With sturdy request for automatic scooters, total sales in the scooter segment grew 12.94 per cent at Four,880,117 units (Four,320,925), while motorcycle sales, hit by poor rural request, fell by Three.42 per cent at Ten,523,909 units (Ten,896,687 units). Moped sales fell by 6.38 per cent at 718,296 units (767,275 units).
In three wheelers, both goods and passenger segments reported Five.14 per cent and Two.86 per cent fall in sales respectively.
Car sales hit record high in India, over two million units sold in two thousand fifteen – The Hindu
Car sales hit record high in India, over two million units sold in 2015
Car sales hit record high in India, over two million units sold in 2015
The cost of ownership remained stable in 2015-16 for petrol vehicles.
Despite fragmented recovery in request, passenger car industry in the country has ended the year two thousand fifteen with about ten per cent growth in sales. Also, total car sales in the country crossed two million units for the very first time. The previous highest was 1,998,703 units in 2012.
The calendar year witnessed passenger vehicle (include cars, utility vehicles (UVs) and vans), strenuous trucks and buses, light passenger segment and scooters reporting positive growth, while light trucks, three wheelers and bikes registered fall in volumes.
Domestic passenger car sales rose 9.8 per cent to Two,034,015 units in two thousand fifteen as against 1,852,545 units in 2014. UVs reported a rise of Trio.58 per cent at 565,638 units when compared with 546,088 units. However, vans reported a very marginal rise to 173,092 units from 172,103 units.
“Positive consumer sentiment, fresh launches and enhancing disposable incomes are driving the growth in car sales,” according Society of Indian Automobile Manufacturers Association.
“With RBI cutting repo rate by seventy five bps this fiscal, lower interest rates on passenger vehicle loans helped support request,” it added.
The cost of ownership remained stable in 2015-16 for petrol vehicles. For diesel vehicles, it is estimated to be lower by 2-4 per cent as compared to FY15 with petrol and diesel expected to decline by 6-8 per cent and 12-14 per cent respectively for 2015-16.
In medium and intense commercial vehicle segment, trucks reported a growth of 31.39 per cent at 237,952 units when compared with 181,105 units. Bus segment’s volumes stood at 42,436 units as against 34,529 units.
In the case of light commercial vehicle (LCV) segment, passenger category managed to post 11.37 per cent growth at 47,814 units, while petite trucks remained in negative lane with 6.7 per cent fall in volumes at 324,389 units (347,702 units).
With sturdy request for automatic scooters, total sales in the scooter segment grew 12.94 per cent at Four,880,117 units (Four,320,925), while motorcycle sales, hit by poor rural request, fell by Trio.42 per cent at Ten,523,909 units (Ten,896,687 units). Moped sales fell by 6.38 per cent at 718,296 units (767,275 units).
In three wheelers, both goods and passenger segments reported Five.14 per cent and Two.86 per cent fall in sales respectively.
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