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Fri, Jul 20, 2018 | Last Updated 5:57 pm IST

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PV Sales growth increases by 17.44%

PV Sales growth increases by 17.44%
PV Sales growth increases by 17.44%
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New Delhi sources stated that the auto sector has started the new financial year 2018 to 19 with a strong sales growth of 17.44% 2379718 units in the domestic market, according to the latest SIAM data. Meanwhile passenger vehicles grew 7.50% to 298,504 units, the highest growth was witnessed by the van segment up utility vehicles came next with a step up of 11.92 percent and passenger cars grew marginally at 4.89%.

Commercial vehicles posted a robust 75.95% uptick to 72,993 units with, MHCVs leading the attack with a sales growth of 169.26% to 28,547 units while LCVs recorded a sales step up of 43.92% to 44,446 units. Further in the MHCV segment, passenger carriers were up 14.95% while goods carriers grew 214.61% on a low base of last year.

PV Sales growth increases by 17.44%

In the LCV segment passenger carriers posted a double digit growth of 30.18 percent while goods carriers were up 45.61%.

PV Sales growth increases by 17.44%
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