Festival season brings in cheer; car sales rise 22 per cent in October
New Delhi: Car sales surged 21.8 per cent in October, as robust festive season purchases brought much needed cheer to the auto industry.
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,94,158 units as compared to 1,59,408 units in the same month of 2014.
Overall passenger vehicle sales during the month grew by 21.46 per cent at 2,68,629 units as against 2,21,163 units in the year-ago month. "Festival season has brought in cheer to the auto industry as sales have risen across categories during the last month," SIAM Director General Vishnu Mathur told reporters here.
Various segments, including passenger cars, motorcycles, scooters and commercial vehicles posted good growth during the month, he added. Commenting on the overall festive season sales, Mathur said: "There is still some data to come for the last month but taking into account the figures so far, this festival season is going to be much better than the corresponding one."
During the month, market leader Maruti Suzuki India posted a growth of 21.54 per cent in its domestic car sales at 97,951units as against 80,589 units in the same month last year.
Passenger vehicles sales of the company grew by 24.72 percent at 1,21,063 units with new products like Ertiga and S-Cross also contributing good numbers. Rival Hyundai Motor India saw its car sales increase by4.78 per cent to 39,709 units as against 37,894 units in the year-ago month.
Its passenger vehicles sales, however, jumped 23.69 percent to 47,015 units driven by newly launched SUV Creta. Honda Cars India's sales stood at 19,310 units as against 10,186 units in the same month last year, up 89.57 per cent, SIAM said.
Homegrown Tata Motors' domestic car sales were at 11,049 units as compared with 9,594 units in the same month previous year, up 15.16 per cent. Utility vehicles major Mahindra & Mahindra saw its sales rise 19.10 per cent to 22,664 units as against 19,029 units in October last year, riding on new model TUV300.
As per SIAM data, motorcycle sales rose 5.66 per cent to 10,65,856 units in October as against 10,08,761 units sold during the same month last year.
"Motorcycle sales are heavily dependent on rural markets. Though sales have increased but we would like to see if it is sustained in the next few months," Mathur said.
During October, market leader Hero MotoCorp saw its bike sales rise 6.09 per cent to 5,21,118 units as against 4,91,190units in same period of last year.
