Car sales grow 22%, bike sales zoom 25% in Sept

Car sales grow 22%, bike sales zoom 25% in Sept

Author | Source: The Economic Times | Wednesday, Oct 11,2006 9:16 AM

Car sales grow 22%, bike sales zoom 25% in Sept

Even before the festive mood getting into full swing, automakers are having a ball. Industry sales figures for September indicate that automakers are up for a gala time.

According to the latest figures released by Society of Indian Automobile Manufacturers (SIAM), car sales are up by 22.4% and bike sales by about 25% last month.

Passenger vehicle sales, including cars, utility vehicles and multi-utility vehicles, were up by 21.4% with 121,499 units sold in total. Nearly 94,734 passenger cars were sold this September as against 77,384 units last year. Two-wheelers too saw a big-bang start for the festive season.

The Motorcycle segment clocked a high growth of about 25%. However, number-crunchers have pointed out to the shrinking entry-level segment.

“In '01-02, the 100-cc segment was contributing nearly 94% volumes to the total motorcycle volumes. In '05-06, it is down to 72%. The second quarter figures, for this fiscal, show that the segment has further shrunk to 67%,” said a source.

The scooter sales growth has been flat. The total two-wheelers segment clocked a growth of about 18.8%, selling 7.78 lakh units during the month. Commercial vehicles clocked a growth of about 33.5% at 42,400 units. During April-September '06, passenger car sales were up by 22.84% at 503,249 units. Passenger vehicles clocked 20.73% growth in the first six months of this fiscal, selling 641,341 units as against 531,202 units in H1 of FY06.

Motorcycles have clocked a growth of 18.53% during April-September '06. Two-wheeler sales are up by 15.49% for the period at about 38.15 lakh units. Commercial vehicles have clocked a growth of about 37% at 206,222 units.

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