India car sales rise 18% in April, M&HCVs 25%, bikes down 2.7%

With the Society of Indian Automobile Manufacturers (SIAM) releasing the industry sales statistics for April 2015, the sales numbers for the passenger vehicle and medium and heavy commercial vehicle (M&HCV) sector augur well for the rest of the year.

While passenger carsales, at 159,548 units, notched an 18.14% increase over sales in April 2014, sales of M&HCVs rose 24.94% to 19,277 units. While car sales rose for the sixth month in a row, thanks to improved market sentiment, good deals in the market and stable interest rates, M&HCV numbers are up for the ninth consecutive month as fleet ...