ERJ staff report (DS)
Mumbai, India - Indian domestic passenger vehicles sales grew at 8.42 percent during April-May 2012 over same period last year, according to new data from Society of Indian Automobile Manufacturers (SIAM). Passenger Cars grew by 3.10 percent, Utility Vehicles grew by 51.05 percent and Vans grew by (-5.31) percent during April-May 2012 as compared to same period last year.
The cumulative production data (for both domestic and export markets) for April-May 2012 shows production growth of 8.15 percent over same period last year. The industry produced 1,783,384 vehicles in May 2012 as against 1,613,872 in May 2011.
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Press release from SIAM