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Business
12 Apr 2017

India: Passenger vehicles reach 3 million mark

Passenger vehicles reach a six-year high

Passenger vehicle segment saw a 9.23% growth by managing to sell 30,46,727 units in FY 2017-18.

It looks like the effect of demonetization on auto-majors was minimal and, although, sales saw a dip in the last lap it was not enough to dampen the spirits.

Here are the numbers and milestones crossed by the Indian automobile sector.

In context

Passenger vehicles reach a six-year high
Smooth sailing on the bumpy Indian road

Sales

Smooth sailing on the bumpy Indian road

Society of Indian Automobile Manufactures data says that domestic-vehicles sales revved up 8.17% with 1,90,065 registered units getting sold compared to 1,75,709 units that were recorded in March last year.

The growth was managed by piggy-backing on the sales of utility vehicles, which saw a 29.91% growth and sold 7,61,997 units compared to 5,86,576 units last year, leaving demand for sedans and hatchbacks behind.

Top sellers

The top sellers in the domestic passenger vehicles segment

Maruti Suzuki retained its top position in the category by showing a growth of 10.59% and by selling 14,43,641 units.

Hyundai Motors came second by clocking a growth of 5.24% and by selling 5,09,705 units.

Mahindra & Mahinda saw a dip of 0.07% but still managed to grab the third position and sold 2,36,130 units.

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Two-wheeler sales braved on despite BS-III roadblock

Two-wheeler

Two-wheeler sales braved on despite BS-III roadblock

FY 2017-18 recorded a modest growth of 6.89% by recording a sale of 1,75,89,511 units compared to 1,64,55,851 units it had managed last year.

Motorcycles sales showed a growth of 3.68% and sold 1,10,94,543 units compared to 1,07,00,406 units it managed in the last year.

This tepid-growth would be attributed to the government's BS-IV policy, which left the industry a little under the weather.

Major players

Report card of two-wheeler industry majors

Hero MotoCorp led the pack by selling 56,93,681 units marking a small jump of 1.62% from the last year when it had sold 56,03,136 units.

Bajaj Auto fared slightly better and went from 18,98,957 in 2015-16 to 20,01,391 units, showing a 5.39% rise.

HMSI managed to sell 15,36,055 units, marking a bump of 2.8% compared to 2015-16 where it had sold 14,94,153 units.

Revised emission norms

BS-IV stands for 'Bharat Stage' and IV is the numerical representation of the particular stage that the emission norms are at present. As and when, more stringent rules will come into effect, the number becomes higher.

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