The apex body of vehicle manufacturers in the country SIAM recently released nine-month sales figure for the current fiscal. And here commercial vehicles seem to have registered the best growth across all segments.
The industry produced a total 26,260,121 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-January 2019 as against 23,907,502 in April-January 2018, registering a growth of 9.84 percent over the same period last year.
The sale of Passenger Vehicles grew by 3.72 percent in April-January 2019 over the same period last year. The overall Commercial Vehicles segment,however, registered a growth of 22.79 percent in April- January 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 21.50 percent and Light Commercial Vehicles grew by 23.61 percent in April-January 2019 over the same period last year.