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Passenger vehicle sales up 11% in Sept on festive season buys

http://www.dailypioneer.com/business - Passenger vehicle sales in India grew by 11.32 per cent in September, riding on good growth in utility vehicles segment and festive season purchases.

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Passenger vehicle sales up 11% in Sept on festive season buys

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  1. Passenger vehicle sales up 11% in Sept on festive season buys Passenger vehicle sales in India grew by 11.32 per cent in September, riding on good growth in utility vehicles segment and festive season purchases. According to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday, domestic passenger vehicle sales were at 3,09,955 units in September, as against 2,78,428 in the same month last year. More info visit: http://www.dailypioneer.com/ “Automobile industry at the moment is looking at improvement in all segments from last year,” SIAM President Abhay Firodia told reporters here. Overall vehicle sales across categories registered 10 per cent growth to 24,90,034 units, from 22,63,620 in September 2016. Although the auto industry has faced difficulties in the wake of demonetisation, transition from BS-III to BS-IV norms and uncertainty of GST implementation, it has recovered from those tough times, Firodia said. “Now it is on the mending path. We hope that this momentum will be maintained,” he said. Car sales last month went up by 6.86 per cent to 2,08,656 units as against 1,95,259 units in September last year, while utility vehicle sales were up 26.21 per cent to 84,374 units as against 66,851 units. The increase in PV sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki’s Brezza, Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction, said SIAM officials. Market leader Maruti Suzuki India's PV sales were up 9.65 per cent at 1,50,521 units last month, while that of rival Hyundai Motors India was at 50,028 units, up 17.42 per cent. Mahindra & Mahindra saw its PV sales grow by 23.32 per cent to 25,327 units while homegrown competitor Tata Motors clocked 19,334 units, up 18.24 per cent from September 2016. As per SIAM data, two-wheeler sales in September grew 9.05 per cent to 20,41,024 units compared to 18,71,621 in the year-ago month. Motorcycle sales last month were up 6.98 per cent to 12,69,612 units compared to 11,86,759 units in September 2016. Market leader Hero MotoCorp posted bike sales of 6,14,949 units last month, up 7.77 per cent from the same month last year. Baja Auto's motorcycle sales during the month were at 2,47,418 units, up 7.34 per cent from September last year. 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. “Pick up in motorcycle sales is an indication of rebound in the rural market on the back of good monsoon,” SIAM Deputy Director General Sugato Sen said.

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