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.
| Category | June 2018 | yoy (%) |
| PCs | 183,885 | 34 |
| UVs | 73,654 | 47 |
| Vans | 16,220 | 36 |
| Total PVs | 273,759 | 38 |
| CVs | 80,624 | 42 |
| 3Ws | 56,884 | 56 |
| 2Ws | 18,67,884 | 22 |
| Grand Total | 22,79,151 | 25 |
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