Domestic car sales up by 7.6%

New Delhi, Nov 14 | Updated: Nov 15 2005, 06:11am hrs
Domestic car sales increased by 7.6% in october to 79,403 units against 73,772 units in the same month last year. According to figures released by Society of Indian Automobile Manufacturers Association (Siam), motorcycles sales in the domestic market in the month of October increased by 28.8% to 6,23,434 units against 4,84,008 units in the same month a year ago. Commercial vehicles sales registered a growth of 18% at 31,663 units during the month against 26,645 units in the same period last year.

According to the figures, market leaders Maruti Udyog and Hyundai fuelled the demand, with six of the eleven car makers registering sales growth. Car sales in the seven months of this fiscal have grown a modest 6.3% to 4,88,973 units against 4,59,649 units in the same period last fiscal.

The two-wheeler growth was led by record sales of segment leaders Hero Honda and Bajaj Auto, with both witnessing a peak in demand due to the festive season. While Hero Honda sold 2,95,654 units at a growth of 23%, for Bajaj it was a blazing 40% growth as it sold 1,89,169 units (1,34,673).

As much as seven of the nine-odd bike makers saw numbers going up in the month, and these included TVS Motors, Yamaha India LML Ltd.