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Development of speed model is a challenging task particularly under mixed traffic condition where the traffic composition plays a significant role in determining the individual vehicle speed. Estimation of passenger car equivalent (PCE) which is essential in converting the mixed traffic volume into its equivalent homogeneous also requires the speed information of individual vehicle categories at varying traffic conditions on the road. The present research was carried out to model the individual vehicle speed and to study the effects of traffic volume and its composition on individual speed and PCE in the context of urban mixed traffic. Traffic data on classified traffic volume and speed information were collected at six-lane divided arterial mid-block road sections in New Delhi, India. The methodology of artificial neural network was adopted to develop a volume-based speed prediction model for individual vehicle category. Validation results showed a great deal of agreement between the predicted and the observed speeds. Then, the sensitivity analysis was performed utilizing the model developed in order to examine the effects of traffic volume and its composition on individual speed and corresponding PCE. [ABSTRACT FROM AUTHOR]