Passenger vehicle sales in the domestic market grew by a robust 14.68% in April largely on the back of a strong 23% year on year sales growth of Maruti Suzuki during the month. However, industry body Society of Indian Automobile Manufacturers (Siam) stuck to its earlier growth forecast of 10-12% for the segment.
According to data released by Siam, domestic passenger vehicles (PV) sales rose to 2,77,602 units in April from 2,42,060 units in the same month last year. Within it, car sales posted the biggest monthly growth in one-and-half years at 17.36% to 1,90,788 units against 1,62,566 units in April last year. The previous highest growth in the segment was recorded in October 2015 when sales grew by 21.8%.
“Factors like commissioning of new manufacturing plants, new model launches led to strong growth in the passenger vehicle segment during the month,” Siam deputy director general Sugato Sen said. In April, Maruti sold 1,44,081 units, registering a growth of 23.10%. Rival Hyundai Motor India was a distant second with 44,758 units at a growth of 5.68% followed by Mahindra & Mahindra in the third spot with 19,325 units, down 14.7%.
Honda Cars India overtook Tata Motors to take the fourth spot with 14,480 units, up 38.09%, while Tata Motors sold 14,066 units during the month, up 15.01%. In the two-wheeler segment, total sales in April increased by 7.34% to 16,74,796 units compared to 15,60,308 units in the year-ago month. “In two-wheelers segment, scooters are doing pretty well. In fact, even in rural areas, people are increasingly going in for scooters,” Sen said.
Motorcycle sales were up marginally at 10,29,972 units as against 10,24,895 units a year earlier. Market leader Hero MotoCorp sold 5,21,909 units during April as compared to 5,17,019 in the previous fiscal — a marginal increase.
Honda Motorcycle and Scooter India (HMSI) overtook Bajaj Auto to occupy the second spot with bike sales of 1,83,182 units last month as against 1,50,711 units in the same month of the previous fiscal, a growth of 21.54%.
Bajaj Auto posted sales of 1,61,930 units as against 2,00,433 units in April 2016, down 19.2%.Scooter sales in April were at 5,86,886 units compared to 4,68,368 units in the previous fiscal, up 25.3%.
Segment leader HMSI posted sales of 3,68,550 units during the month as against 2,63,324 in April 2016, up 39.96%.
TVS Motor Co posted a growth of 31.4% in its domestic scooter sales at 79,443 units as against 60,455 units sold in April 2016, becoming the number two player in the category.
Sales of commercial vehicles were down 22.93% to 41,490 units in April, Siam said. The drop in sales in the segment during the last month was biggest since January 2009 when sales had declined by around 67%.Vehicle sales across categories registered an increase of 6.82% to 20,30,476 units from 19,00,848 units in April 2016.