INDIA SALES: PVs and CVs grow, motorcycles and 3-wheelers fall in H1

With the Society of Indian Automobile Manufacturers (SIAM) revealing the industry sales numbers for April-September 2015 (H1), it is amply clear that a sales recovery is some time away. Overall numbers have felt the heat of slowing two-wheeler sales, particularly motorcycles.

Sales of passenger vehicles grew by 6.22 percent in April-September 2015 over the same period last year. Within the passenger vehicles segment, passenger cars grew by 9.68 percent while sales of Utility Vehicles and Vans decreased by 2.56 percent and 1.46 percent during April-September 2015 over the same period. The overall commercial vehicles segment registered growth of 7.18 ...