The Society of Indian Automotive Manufacturers reports a 64% increase in the sales of commercial vehicles for April 2010 compared to April 2009. 49,086 commercial vehicles were sold in India last month.
The passenger vehicles segment in April 2010 grew at 34 percent over same month last year. Indian companies sold 143,976 cars in April, compared with 103,227 units a year ago. (Breaking down further, passenger cars grew by 39 percent, sports utility vehicles grew by 12 percent and MPV grew by 27 percent in April 2010 over April 2009).
Three wheeler and two wheeler sales were up by 22 percent and 20 percent respectively.
This is yet another indication of how India’s growth continues unabated at a breathtaking pace.