Utility vehicle sales grew 36% in May to 58,793 units, while car sales declined 0.86% to 158,996 units. Siam expects that a good monsoon will revive consumer demand in rural India and boost the sales of passenger vehicles. According to him, passenger cars, utility vehicles, heavy and medium commercial vehicles, light commercial vehicles, motorcycles and scooters segments will see volume growth. Photo: Pradeep Gaur/MintNew Delhi: Sales of passenger vehicles in May grew 6.26% from a year earlier for the 11th straight month, although the pace of growth has slowed. Passenger vehicles, which include cars, utility vehicles and vans, rose to 231,640 units in May, according to data compiled by the Society of Indian Automobile Manufacturers, or Siam.

Source: Mint June 09, 2016 21:22 UTC