No festive season hangover in Nov, car sales dip 8.25%

Dec 10 2012, 13:21 IST
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Domestic car sales fell 1,58,257 units in November this year compared to 1,72,493 units in Nov last year. (Reuters) Domestic car sales fell 1,58,257 units in November this year compared to 1,72,493 units in Nov last year. (Reuters)
SummaryThis is the steepest decline since August, 2012 when the sales dropped by 18.56 per cent.

went up marginally to 8,67,518 units from 8,67,088 units in the year-ago month.

In the motorcycle segment, market leader Hero MotoCorp posted 8.31 per cent fall in sales to 4,43,308 units in November. Rival Bajaj Auto's sales went down marginally to 2,27,186 units.

However, Honda Motorcycle & Scooter India (HMSI) posted 37.36 per cent increase in sales to 99,062 units, while TVS Motor despatched 50,700 units, 14.29 per cent more than the same month of the previous year.

The scooter segment's overall sales grew by 6.64 per cent to 2,44,392 units from 2,29,173 units.

HMSI's scooter sales fell by 6.34 per cent to 1,10,376 units in November, while Hero MotoCorp sold 44,197 units, up 24.71 per cent. TVS Motor's sales saw decline of 12.87 per cent to 35,837 units.

Total sales of commercial vehicles in November were down by 7.31 per cent to 61,410 units from 66,254 units in the year-ago period, SIAM said.

Medium and Heavy Commercial Vehicle sales declined 33.22 per cent to 17,441 units during the month as against 26,119 units in November last year.

According to SIAM, light commercial vehicle sales grew 9.55 per cent to 43,969 units in November 2012 from 40,135 units in November 2011.

In the three-wheeler category, sales went up 20.67 per cent to 51,670 units from 42,821 units in the same month last year.

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