Business Daily from THE HINDU group of publications
Wednesday, Oct 11, 2006
Industry & Economy
Car sales up 22 pc in Sept
New Delhi , Oct. 10
Though the month of September is traditionally considered to be sluggish in North India due to the inauspicious `shradh' period, the domestic passenger car sales have maintained the sales momentum.
Sales grew a healthy 22.4 per cent in September this year at 94,734 units against 77,384 units in the same month last year.
Nine of the 11 car makers saw sales going up in September, General Motors and Hindustan Motors being the exceptions, according to figures released by Society of Indian Automobile Manufacturers (SIAM).
Companies witnessing a surge in sales included market leader Maruti Udyog, Hyundai India, Tata Motors, Ford India, Honda Siel and SkodaAuto India. Car sales in the first half of this fiscal have grown 22.8 per cent at 5,03,249 units against 4,09,681 units in April-September 2005 period, SIAM said.
In two-wheelers, Hero Honda and Bajaj Auto led the momentum as bike sales in September grew 24.8 per cent at 6,72,570 units against 5,38,889 units in the same month last year.
The growth rate was the highest for Bajaj Auto, which saw bike sales jump by a whopping 48 per cent at 2,45,759 units against the 10 per cent surge for Hero Honda.
Bike sales in the April-September period have grown by 18.5 per cent at 32,05,497 units against 27,04,466 units in the same period in 2005, SIAM said.
Scooter/scooterette sales in September dropped 15.9 per cent at 75,506 units from 89,866 units in the same month last year, pulled down by lower numbers recorded by segment leader Honda Motorcycle and Scooter India (HMSI).
Overall two-wheeler sales, comprising bikes, scooters and mopeds, grew 18.8 per cent in September at 7,78,865 units against 6,55,210 units in the same month last year.
Commercial vehicles sales in September were up 33.5 per cent at 42,400 units, led by segment heavyweights Tata Motors and Ashok Leyland.
While sales of medium and heavy commercial vehicles (M&HCVs) went up 34.2 per cent at 24,920 units, higher sales of Tata's light truck `Ace' resulted in a 32.5-per-cent jump in sales in the light commercial vehicle segment.
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