Two-wheeler Automobile sales hike up

Oct 18 2017 04:46 PM
Two-wheeler Automobile sales hike up

The country's automobile industry is totally dependent on scooters and motorcycles at this time. In the first half of the current financial year, only two-wheeler vehicles sold more than 1 crore five lakh in total vehicle sale of 1 crore 27 lakh 51 thousand. 

According to the latest data, in April-September this year, a total of one crore five lakh seven thousand two-wheelers were sold. This number is 10.14 percent more than the same period last year. However, during this time, total vehicle sales including bus, truck, car, and scooter, motorcycle were about 177 lakhs 51 thousand 143.

In this case, the participation of two-wheeler vehicles in total vehicle sales is 82.40%. In the domestic market, sales of more than 10 million passenger cars were sold in total sales in these six months. Sales of passenger cars in the country increased by 6.63% during April-September to 10,94,553 units. During this period, a total of 16 million 30 thousand 945 passenger vehicles were sold, except two-wheeler, three-wheelers. 

According to data provided by the organization of Indian automobile manufacturers, SIAM, 65,08,952 motorcycles sold in the domestic market in the last six months. That is, on an average, more than seven and a half million motorcycles are sold every month. During this period, scooter sales went up by 17.26 percent to 35,77,421 units. However, sales of mopeds in this segment dropped 5.63 percent to close to 4.20 lakh during this period.

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