and innovan raja deputy managing director tkm said along with the fortuner and innova crysta yaris has been a significant contributor to the overall positive sales growth as compared to the same period last year sales of utility vehicles grew 1753 per cent to 82086 units as against 69845 in may 2017 the exports also rose 2123 per cent to 14492 units in may 2018 the exports of passenger cars however declined marginally by 169 per cent to 44904 units in may in the two wheeler space the industry saw a reverse in trend with scooter sales declining after around 15 months by 140 per cent to 555467 units in may as against 563326 in the same month last year the overall two wheeler sales however grew 919 per cent to 1850093 units in may as against 1694323 units in the year ago period led by highest numbers from hero motocorp which sold 706365 units in may compared to 633884 units in the year ago month up by 11 per cent in the commercial vehicle segment the medium and heavy commercial vehicles mhcvs saw a massive 80 per cent jump in sales at 30128 units in may as against 16716 units in the year ago month the light commercial vehicle lcvs sales grew 2615 per cent to 46350 units in mayicra sector headcorporate ratings shamsher dewan the growth appears to be secular across tonnage segments with both icvs and hcvs driving growth sectors like construction automobile car carriers petroleum carriers and container traffic are driving demand the strong growth of 95 per cent in unit sales in mhcv truck segment comes on back of a very low base of the previous year when industry sales had declined sharply because of prebuying in q4 fy 2017 and limited availability of bsiv compliant stock he addedin the threewheeler segment exports remained the driver growing 7032 per cent at 46243 units as against 27150 units may 2017 domestic sales also gained momentum with sales growing 5197 per cent at 54809 units in may compared to 36066 units in the same month last yearoverall the exports grew 2384 per cent to 398798 units in may 2018 with the majority coming from the two wheelers the total twowheeler exports during the month stood at 284573 units the pv exports however remained almost flat with growth of just about 35 per cent at 59648 units in may the commercial vehicle exports grew 2140 per cent to 8055 units as against 6635 in may 2017on the outlook mathur said going forward the growth will further increase on the back of monsoon sales and infrastructure spending by pritish raj etauto published on jun 11 2018 at 0452 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul