New Delhi, Nov. 14
FESTIVE October saw passenger cars and motorcycle sales accelerate in the month as companies came up with discounts and other promotional schemes to boost sales during the period.
The month saw car sales increasing by 7.6 per cent at 79,403 units, while motorcycle sales by as much as 29 per cent.
According to figures released by the Society of Indian Automobile Manufacturers (SIAM), market leaders Maruti Udyog and Hyundai fuelled the demand, with six of the eleven carmakers registering sales growth.
Growth was mainly lead by increased sales of compact cars from the stables of both Hyundai and Maruti. Honda Motor's sales - consisting primarily of the City and Accord - however fell 65 per cent to 1,046 units because of production constraints.
Car sales in the first seven months of this fiscal have grown a modest 6.3 per cent to 4,88,973 units against 4,59,649 units in the same period last fiscal.
In the two-wheeler segment, motorcycles sales continued their strong run, going up by 28.8 per cent in October at 6,23,434 units against 4,84,008 units in the same month last fiscal. This growth was led by record sales of segment leaders Hero Honda and Bajaj Auto, with both witnessing a peak in demand due to the festive season.
While Hero Honda sold 2,95,654 units at a growth of 23 per cent, sales of Bajaj Auto's motorcycles jumped 40 per cent to 1,89,169 units (1,34,673).
Motorcycle sales in the April-October 2005 period have grown by 21.9 per cent to 33,27,852 units against 27,28,604 units in the same period last fiscal. Scooter sales, however, were down 4.2 per cent in the first seven months of this fiscal at 5,33,961 units against 5,57,535 units in April-October 2004. The month of October though saw numbers rise a healthy 13.1 per cent at 93,830 units against 82,918 units.
Overall, two-wheeler sales in October grew 25.9 per cent to 7,47,555 units against 5,93,499 units in the same month last year.
Commercial vehicles sales were up 18.8 per cent to 31,663 units from 26,645 units in October 2004. Both Medium and Heavy Commercial Vehicle and Light Commercial Vehicle segments saw robust demand, growing by 34 per cent and 8.6 per cent respectively.
Commercial vehicle sales in the April-October 2005 period have grown 8.94 per cent to 1,82,206 against 1,67,250 units in the same period last fiscal.