This rise was spurred by record kharif sowing - after a good rabi season - that ensured high disposable incomes in rural India.
According to figures released by the Society of Indian Automobile Manufacturers, total vehicle sales in the country in October stood at 10,10,963 units against 10,17,611 units in the same month last year. Hit hard by rising interest rates sales growth, specially that of motorcycles remained negative, while that of cars managed to increase on the back of majors like Maruti Suzuki India General Motors India posting healthy numbers.
The iconic brand is considering petrol powertrains for its entire Indian portfolio, which includes the Jeep Compass, Meridian, Grand Cherokee and Wrangler.
Motorcycle sales in the country during the month grew by 15.61 per cent.
Large investors track high-frequency data that is immediately available today. That data has been bullish, points out Debashis Basu.
Auto majors, except Maruti, register marginal growth in sales in October.
Car sales in India fell for the second consecutive fiscal in 2013-14 with a drop of 4.65 per cent as the auto industry continued to struggle with demand slump.
Domestic passenger car sales grew by 23 per cent in December 2006 at 81,026 units as against 65,853 units in the same month a year ago.
Domestic passenger car sales rose by 9.62 per cent to 1,77,604 units in July as against 1,62,022 units in the same month last year.
Figures released by the Society of Indian Automobile Manufacturers on Tuesday also show that motorcycle sales in the country grew by 1.15 per cent during the month to 8,50,619 units from 8,40,944 units in the same month last year.
Total two-wheeler sales in July increased 30.41 per cent to 938,514 units from 719,656 units in July 2009.
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.
Honda BR-V will be launched in India this year.
Car sales zoomed nearly 38 per cent to 59,800 units in July when compared with 43,434 units sold in July 2002, according to data released by the Society of Indian Automobile Manufacturers on Thursday.\n\n
The car sales went up by 9.88 per cent in the second month of this fiscal with Maruti and Tata Motors propelling the growth even as Hyundai slowed down the overall sales last month.
With slowing sales and to avoid inventory accumulation, Toyota Kirloskar Motor Pvt Ltd has planned to cut production of passenger cars and utility vehicles at its factory in Bidadi, 35 km from Bangalore.
Sales of commercial vehicles were up 5.63 per cent to 56,032 units in June, SIAM said.
Although most companies had geared for increased production at their plants, most say the surge in demand was unexpected, partly driven by yesteryear purchases which had been postponed earlier due to lack of funds.
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Sales, which were growing impressively in the first seven months of the year, decline in November. Ajay Modi reports.
General Motors India on Thursday posted 4.32 per cent decline in sales at 8,901 units in February. The company had sold 9,303 units in the same month of 2010, General Motors India said in a statement.
Driven by the top three carmakers -- Maruti, Hyundai and Tata Motors -- the car sales surged by 25 per cent in June 2004 over the same month last year.
Car sales surged by a robust 32.4 per cent in the first month of this fiscal with Maruti and Tata Motors fuelling the growth.
This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.
The Tatas sold over 14,466 Indica cars, which was slightly lower than the sales of 14,592 units of the Santro hatchback in January.
Domestic passenger car sales declined by 23.77 per cent to 1,38,521 units in October, 2011, from 1,81,704 units in the same month last year.
According to Society of Indian Automobile Manufacturers, domestic passenger car sales rose 8.99 per cent in January, while the two wheelers continued the downhill ride with 10.96 per cent decline in comparison to the corresponding month last year. Domestic passenger car sales in the country stood at 1,13,899 units as against 1,04,501 units in the same month last year, it said.
Cheered by Maruti, Hyundai and Tata Motors, car sales surged by a robust 24 per cent in October 2003 as customers got attracted to low interest finance and a spate of car roll-outs.
The industry needs stimuli to help revive consumer demand and conversions.
The sales growth rate has been a 10-quarter low, dragged by slowdown in the key sectors -- capital goods, construction, infrastructure, non ferrous metals, steel and telecom -- that had contributed to India Inc's growth story in the past.
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.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
Car sales in the country surged by 41 per cent in May 2003 as all major companies like Maruti, Hyundai and Tata Engineering recorded strong growth following an eight per cent excise duty cut in this year's Budget.
The Indian auto industry, which was heading towards negative growth territory, managed to stay in the positive zone in the fiscal ended March 31, thanks to the government's stimulus packages, recording a 0.71 per cent increase in total vehicle sales.
Domestic passenger car sales jumped 28 per cent in April to 42,506 units from 33,195 units in the same month last year, the Society of Indian Automobile Manufacturers said on Wednesday.\n\n\n\n
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.
Thi is the best-ever monthly sales achieved in passenger cars, motorcycles and total two-wheelers segments.
Vehicle sales across categories registered an increase of 4.99 per cent to 15,23,693 units from 14,51,263 units in February 2013.
