1. Car sales soar in festive season; the jump in numbers is massive

Car sales soar in festive season; the jump in numbers is massive

Riding on the popularity of sports utility vehicles and festive season purchases, domestic passenger vehicle sales in September grew by 11.32% to 3,09,955 units, Society of Indian Automobile Manufacturers (Siam) said on Monday.

By: | New Delhi | Published: October 10, 2017 6:37 AM
cars, car sale Market leader HMSI posted a growth of 8.65% in scooter sales last month at 3,86,456 units.

Riding on the popularity of sports utility vehicles and festive season purchases, domestic passenger vehicle sales in September grew by 11.32% to 3,09,955 units, Society of Indian Automobile Manufacturers (Siam) said on Monday.

Overall vehicle sales across categories registered 10% growth to 24,90,034 units, from 22,63,620 in September 2016. “The automobile industry at the moment is looking at improvement in all segments from last year,” Siam president Abhay Firodia said. He said that although the auto industry has faced difficulties in the wake of demonetisation, transition from BS-III to BS-IV fuel norms and uncertainty of goods and services implementation, it has recovered from those tough times. “Now it is on the mending path. We hope that this momentum will be maintained,” he said.

Car sales in September increased 6.86% to 2,08,656 units, while utility vehicle sales were up 26.21% to 84,374 units.

The increase in passenger vehicle sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki’s Brezza, the Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction.

Market leader Maruti Suzuki’s passenger vehicle sales were up 9.65% at 1,50,521 units last moth, while that of rival Hyundai Motors India were at 50,028 units, up 17.42%. Mahindra & Mahindra saw its PV sales grow by 23.32% to 25,327 units while home-grown competitor Tata Motors clocked 19,334 units, up 18.24% from September 2016.

Two-wheeler sales in September grew 9.05% to 20,41,024 units compared with 18,71,621 in the year-ago month. Motorcycle sales were up 6.98% to 12,69,612 units against 11,86,759 units in September 2016.
Market leader Hero MotoCorp posted bike sales of 6,14,949 units, up 7.77% from the same month last year. Bajaj Auto’s motorcycle sales during the month were at 2,47,418 units, up 7.34%.

Honda Motorcycle and Scooter India (HMSI) saw its motorcycle sales drop marginally to 1,83,366 units from 1,83,785 units in September 2016. In the scooters segment, total sales in September were at 6,86,478 units, up 13.19%.

Market leader HMSI posted a growth of 8.65% in scooter sales last month at 3,86,456 units. Chennai-based TVS Motor clocked 1,18,174 units, a jump of 50.47% from the year-ago month. Hero MotoCorp’s scooter sales were at 88,524 units, up 5.4%. Sales of commercial vehicles rose by 25.27% to 77,195 units in September. This was the highest growth rate achieved since November 2011 when CV sales had grown by 34.17%.

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  1. L
    Lalu
    Oct 10, 2017 at 7:44 am
    Yashwant Sinha said that the economy had already collapsed. What is this?
    Reply
    1. Tushar Kanta
      Oct 10, 2017 at 4:57 pm
      He was more worried about jobs, which is still a pain..
      Reply

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