Financial Daily from THE HINDU group of publications
Sunday, Jan 16, 2005
Financial Daily from THE HINDU group of publications Sunday, Jan 16, 2005 |
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Industry & Economy
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Two/Three Wheelers Two-wheeler sales cross 6 m units in 2004 Our Bureau
New Delhi , Jan 15 THE two-wheeler industry crossed the 6-million mark in the calendar year January - December 2004. The performance of the motorcycle segment has been impressive registering a growth of 19.5 per cent during the calendar year 2004, whereas the cumulative growth for Apr-Dec 2004 has been 19 per cent. According to a release issued by the Society of Indian Automobile Manufacturers (SIAM), the motorcycle segment is making a second come back registering a growth of over 15 per cent. Meanwhile, the passenger vehicles comprising passenger cars, utility vehicles and multipurpose vehicles registered a growth of 21.79 per cent. The domestic sales of passenger cars have shown a growth of 22 per cent, while the commercial vehicle segment has performed well with a growth of 26 per cent.
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