The Indian auto industry witnessed contrasting fortunes in the domestic sales of cars and motorcycles in August with the former continuing in the double digit growth path, while bikes slowed down to just 3.43 per cent.
Domestic passenger car sales grew by 1.62 per cent to 1,43,370 units in June, 2011, from 1,41,087 units in the same month last year.
Since Hyundai has developed its 'small cars' based on the current definition of 4,000 mm, it could lose out on excise benefit if the length were to be altered to 3,800 mm as per the auto policy.
Passenger vehicle dispatches to dealers in India rose over two-fold last month on a low base of Covid-19-hit May last year. As per the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales rose to 2,51,052 units last month as compared to 88,045 units in May 2021. The two-wheeler sales rose to 12,53,187 units in May as compared to 354,824 units in the year-ago period.
Sales of commercial vehicles jumped by 8.22 per cent to 53,202 units from 49,162 units in the year-ago period, SIAM said.
Car sales in the domestic market overcame sluggish demand in the inauspicious shradh period and grew a healthy 22.4 per cent in September this year at 94,734 units against 77,384 units in the same month last year.
The Society of Indian Automobile Manufacturers has asked the government to scrap about 70 million old vehicles, including cars, even as a transporters' body opposed any such move which could severely affect the domestic auto industry.
According to figures released by the Society of Indian Automobile Manufacturers on Wednesday, motorcycle sales in the country grew by 14.94 per cent during the month to 7,47,818 units from 6,50,633 units in the same month last year.
Motorcycle sales in the country during the month grew by 15.61 per cent.
Passenger car sales rose 8.3 per cent in the domestic market in January at 84,235 units against 77,744 units in the same month last year.
According to figures released by the Society of Indian Automobile Manufacturers, motorcycle sales in the country during the month was down by 2.89 per cent at 5,40,553 units, against 5,56,612 units in the corresponding month of the previous year.
Total two-wheeler sales in July increased 30.41 per cent to 938,514 units from 719,656 units in July 2009.
Indian passenger car sales jumped by 10.15 per cent in January to 54,825 units from 49,769 units in the same month last year.
Passenger car sales fell 0.89 per cent in the domestic market in June, the second time in the last six months, to 64,464 units from 65,046 units in the same month last year.
Domestic car sales went up by 15.89 per cent during December 2002 as auto-makers like Maruti, Hyundai, Tata Engineering and Honda witnessed increased demand during the month.
Reeling under the impact of hardening interest rates, domestic passenger car sales growth came down to single digit in May at 9.07 per cent, while motorcycles suffered badly with a 16.36 per cent slump.
Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.
According to figures released by the Society of Indian Automobile Manufacturers on Tuesday, motorcycle sales grew 6.58 per cent during the month to 8,79,713 units from 8,25,388 units in the same month last year.
Two-wheeler exports from India have decreased by 20 per cent year-on-year (Y-o-Y) to 1.69 million units in the first half (H1) of 2023-24 (FY24) due to a challenging geopolitical situation and foreign exchange (forex) crises in key markets such as South Asia, industry body Society of Indian Automobile Manufacturers (Siam) said on Monday. On the other hand, passenger vehicle (PV) exports in H1FY24 increased by 5 per cent to 336,754 units because the key markets are much more diversified worldwide, Vinod Aggarwal, president, Siam, told reporters during a press conference. The Russia-Ukraine war, which started in February 2022, has brought significant instability to global fuel prices.
Bouyed by higher sales in the festive season, domestic passenger car and motorcycle sales witnessed a healthy growth in November, going up by 21.16% and 27.08%
Total sale of vehicles across all categories increased 44.94 per cent to 11,14,157 units in January.
Figures released by the Society of Indian Automobile Manufacturers on Thursday also show that motorcycle sales in the country grew by 6.54 per cent during the month to 8,61,602 units from 8,08,728 units in the same month last year.
Domestic passenger car sales increased by 16.34 per cent at 92,383 units in October this year as compared to 79,407 units in the same month last year.
Domestic passenger car sales have recorded 33.88 per cent increase at 1,32,615 units in October from 99,052 units in the same month last year.
Domestic passenger car sales have recorded a 20.61 per cent increase at 1,29,683 units in September from 1,07,517 units in the same month last year.
Accelerated by top three automakers -- Maruti, Hyundai and Tata Motors -- the car sales posted a phenomenal 73.1 per cent rise in February, promising an impressive performance during 2003-04.
Indian passenger car sales fell by 22.7 per cent in February to 37,446 units, down from 48,444 units in the same month last year, the Society of Indian Automobile Manufacturers said on Wednesday.\n\n\n\n
According to the Society of Indian Automobile Manufacturers, domestic passenger car sales in July went up to 1,15,067 units from 87,901 units in the same month last year. The total two-wheeler sales in July also surged by 20.07 per cent to 7,19,668 units from 5,99,369 units in the same period last year. Bike sales during the month was up 19.48 per cent at 5,46,245 units as against 4,57,178 units in the corresponding month a year ago, SIAM said.
Postponing of plans to buy cars expecting excise duty cut in the Budget made domestic sales register almost a flat growth at 1.83% in February this year, but motorcycle sales rose by 17%.
...But sales of domestic passenger vehicles dropped 2% to 3% year-on-year in August owing to low demand.
Domestic passenger-car sales rose by 7.81 per cent to 107,531 units in June 2009 from 99,741 units in the same month last year.
Domestic car sales increased by 7.6 per cent in October to 79,403 units as against 73,772 units in the same month last year.
Passenger car sales during May 2005 jumped 13.02 per cent to 68,516 units compared to 60,618 units during the same month last fiscal.
Automakers have asked the government to halve the excise duty on cars and utility vehicles to 16 per cent to spur demand.\n\n\n\n\n\n\n\n
Driven by Hyundai Motors, exports of passenger cars from India jumped 28 per cent to 1,60,677 units in the financial year ended March 31, 2005.\n
Domestic passenger-car sales fell 19.38 per cent in November to 83,059 units, from 1,03,031 units in the same month last year.
Passenger car sales saw a modest single digit growth in the domestic market in January 2005 at 8.17 per cent even as motorcycles continued their strong run, witnessing a 22.8 per cent jump fuelled by higher demand for Hero Honda and Bajaj Auto bikes.
Car sales surged by a robust 18.1 per cent in August 2004, for the fifth consecutive month this year as a spate of new models and easy availability of loans with low interest rates drove the industry northward.
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