22% increase in Car sales in India during October
Launch of new cars during the festive season gave a boost to the domestic passenger car sales last month (October). The industry data suggests that there was 21.8 percent increase in sales growth of cars. The data provided by Society of Indian Automobile Manufacturers (SIAM) revealed that the passenger car sales during October was at 194,158 units as against to 159,408 units in the October 2014.
The total passenger vehicle sales included , which includes cars, utility vehicles and vans, went up by 21.46 percent to 268,629 units from 221,163 units sold in October 2014.
Adding to this, the sales of utility vehicles grew by 20.82 percent to 58,120 units. The off-take of vans, increased by 19.79 percent to 16,351 units. The auto industry data for the last month showed that there was a 12.73 percent growth in the overall commercial vehicles segment sales, which is actually a key indicator of economic activity.
The commercial vehicles segment off-take for October stood at 58,596 units from 51,978 units sold during the corresponding month of 2014. On the other hand, sales of three-wheelers inched-up by 0.10 percent in the month under review at 52,361 units from 52,307 units sold in October of 2014. Sales of the overall two-wheelers segment which includes off-take for scooters, motorcycles and mopeds augmented by 13.31 percent to 1,656,235 units from 1,461,712 units sold in the like month of 2014.
On-product specific basis, scooter segments’ sales in October rocketed by 36.80 percent at 525,138 units. Motorcycle segment reported a modest rise of 5.66 percent at 1,065,856 units.
However, moped segments’ sales slipped by 5.54 percent at 65,241 units during the period under review.
Similarly, overall exports across categories for the month under review was lower by 5.56 percent at 289,309 units sold abroad from 306,357 units shipped out during October, 2014.
Notwithstanding sales abroad, total automobile sales in October were higher by 13.91 percent at 2,035,821 units from 1,787,160 units sold in the corresponding month of 2014.
Source: Yahoo News