Vehicle sales in India run out of gas

Society of Indian Automobile Manufacturers (SIAM) reports that vehicle sales India dropped by 4.7 per cent in 2007-08. The drop in sales was mainly on account of the two-wheeler industry, particularly motorcycles, which declined by 7.92 per cent and 11.9 per cent respectively despite the passenger cars registering 12.2 per cent growth.

The total domestic vehicle sales in 2007-08 was down at 96,48,105 units, compared with 10,123,988 units in the previous financial year. Domestic passenger car sales rose by 11.79 per cent in 2007-08 to 12,03,531 units from 10,765,82 units in the April to March period of the earlier financial year.

Motorcycle sales in the country were down by 11.9 per cent at 57,683,41 units in financial year 2008, against 65,47,195 units in 2006-07. Total two-wheeler sales in 2007-08 also slipped 7.92 per cent at 72,486,00 units, compared to 78,723,34 units in the year-ago period. The sales of commercial vehicle during the last fiscal increased by 4.07 per cent to 4,86,817 units from 4,67,765 units in 2006-07.


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