Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Car sales zoom 16% in October, mobikes 13%

Car sales zoom 16% in October, mobikes 13%

Author | Source: Business Standard | Friday, Nov 10,2006 8:37 AM

A+
AA
A-
Car sales zoom 16% in October, mobikes 13%

The festive season in October proved good for car manufacturers as they clocked 16.34 per cent growth in sales to 92,383 units compared with 79,407 units in the same month last year. However, the figure was comparatively lower than the September figure, which stood at 94,734 units.

According to the Society of Indian Automobile Manufacturers (SIAM) figures, Maruti led the march by clocking 9.88 per cent growth in sales to 47, 994 units this October against 43,676 units for the corresponding period last year.

The second-largest passenger car maker, Hyundai Motor India, led by the launch of its latest mid-size sedan Verna, had a higher growth rate of 18.28 per cent at 18,563 units in October this year.

All the passenger car manufacturers posted increase in sales except Tata Motors and Toyoto Kirloskar Motor, whose sales decreased to 12,720 units from 13,616 units and 671 units from 910 units, respectively, in the month of October vis-a-vis last year.

The motorcycles sales increased by 13.16 per cent during October to 7,05,467 units compared with 6,23,432 units in the corresponding month last year.

The two-wheeler growth was led by Bajaj Auto, which posted a rise of 18.22 per cent to 2,23,642 units in October against 1,89,169 units last year.

Market leader Hero Honda Motors, which achieved its highest ever sales with 3,45,319 units in October against 2,95,654 units last year, also registered impressive growth of 16.79 per cent.

The Chennai-based TVS Motors underperformed in the two-wheeler sector with a sales increase of 4.89 per cent at 86,990 units compared to 82,933 units in the same month last year.

While other segment of the auto sectors registered a healthy growth, scooter sales declined by 9.75 per cent in the same period. The total scooter sales during October stood at 84,680 units as against 93,830 units in the corresponding period last year.

Scooter sales of Honda Motorcycle and Scooter India dropped 9.14 per cent in October at 43,957 units as against 48,382 units in the same month last year. The second largest player in the scooter segment, Bajaj Auto managed to sell just 49 units of scooters compared to 13,850 units in the same month last year. Though Hero Honda Motors fared well by selling 11,088 units in October this year.

However, Pune-based Kinetic Motor clocked 36.67 per cent increase in scooter sales in October at 7,509 units against 5,494 units in the same month last year.

The commercial vehicle (CV) sales in the domestic market in October rose by 21.8 per cent to 38,554 units from 31,663 units of last year. The growth in CV sales was driven by the medium and heavy commercial vehicles, which clocked a healthy 27.68 per cent growth at 22,183 units as against 17,373 units in the same month last year. Total sales of light commercial vehicle during the month of october also increased by 14.56 per cent at 16,371 units compared with 14,290 units last year.

Automobile exports during October grew 30.1 per cent to 83,900 units from 64, 482 units last year.

Tags: e4m

Write A Comment