Passenger car markets witnessed a positive sales growth of 4.99% during financial year 2015 after recording fall in previous two years. Utility vehicles segment performed better and recorded a growth of 5.30% in fiscal 2015. However, van sales declined by 10.19% in April-March 2015. Overall, passenger vehicle sales grew by 3.90% in April-March 2015 over the same period last year, according to auto industry body SIAM.

Overall commercial vehicles segment registered a de-growth of 2.83% in April-March 2015 as compared to same period last year. Medium & heavy commercial vehicles (M&HCVs) grew by 16.02% and light commercial vehicles declined by 11.57%.

Three wheelers sales grew by 10.80% in April-March 2015 over the same period last year. Passenger carriers and goods carriers grew by 12.16% and 5.27% respectively in April-March 2015 over April-March 2014.

Two wheelers sales registered growth of 8.09% in April-March 2015 over April-March 2014. Within the two wheelers segment, scooters, motorcycles and mopeds grew by 25.06%, 2.50% and 4.51% respectively in April-March 2015 over April-March 2014.

In April-March 2015, overall automobile exports grew by 14.89% over the same period last year. Passenger vehicles, commercial vehicles, three wheelers and two wheelers grew by 4.42%, 11.33%, 15.44% and 17.93% respectively during April-March 2015 over the same period last year.

The industry produced a total of 23,366,246 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in April-March 2015 as against 21,500,165 in April-March 2014, registering a growth of 8.68% over the same period last year.