Wednesday, 11 July 2018

Domestic automobiles soar 25% yoy in June 2018 as low base steers growth

NSE BSE TIPS 11-July-2018

Domestic vehicle volumes surged 25% yoy in June 2018 as each category of vehicles reported strong growth in excess of 22% yoy. 3Ws led the charge with 56% yoy growth followed by CVs at 42% yoy. CVs benefited from an uptick in infrastructure and consumption related growth. 

Two wheeler sales were up 22% yoy as rural demand remained strong on the back of two successive monsoons. The passenger vehicles segment saw volume growth of 38% yoy with UVs leading the way with 47% yoy growth. 

On the whole, volume growth for the domestic automobile sector was up 25% yoy in June 2018 led by weak base of last year, which saw disruptions due to GST and BS-IV implementation. 
CategoryJune 2018yoy (%)
Total PVs273,75938
Grand Total22,79,15125

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