Automotive market expands 72% in January-May

Sales of passenger cars and light commercial vehicles improved 72% year-on-year with the base effect in January-May, according to the Automotive Distributors’ Association (ODD).

314,882 vehicles were sold across the country in the first five months of this year, the ODD said in a statement.

Passenger cars accounted for 79% of the sales with 247,977 units, a 69% rise from the same period last year.

A total of 66,905 light commercial vehicles were sold from January to May, up 83% on an annual basis.

In May, the automotive market grew 70% compared to a year ago, reaching 54,734 units.

Passenger car sales hit 43,138 units last month, up 62% on an annual basis.

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