Auto sales sustain growth

Domestic vehicle sales during June have been on a growth trajectory across most categories owing to the lower numbers posted by companies during same period last year.  But the Society of Indian Automobile Manufacturers, which released the monthly sales report, cautioned of an impending slowdown in the coming months.

Passenger car sales languished, recording a growth of 6 per cent at 99738 units.  Medium and heavy commercial vehicles sales at 21,755 units rose 8.47 per cent last month and volumes of commercial vehicles segment leapt 20.08 per cent at 18,569 units.

“The Light Commercial vehicle segment is mainly being driven by the sub-one tonne segment.  But the growth recorded by the medium and heavy commercial vehicle segment is difficult to believe as due to unavailability of finance.  Retail volumes are moving very slowly,” said R.C.Mangal, Senior Vice-President, Marketing, Asia Motor Works Ltd.  He said the increase in prices of commercial vehicle and fuel prices had hit the transporters hard.

In June, two wheeler sales increased 6.45 per cent at 6,01,941 units.  Motorcycle sales surged 8.25 per cent.  However, in the scooters and scooterette category volumes went down by 2.12 per cent.

“There is no slowdown in the scooters segment.  We had supply constraints for certain parts due to which we were unable to produce the same volumes.  This has reflected in our sales going down,” said R.Dilip, Vice President, Marketing, TVS Motor Company.

In the April-June period, domestic passenger vehicles sales at 4,01,495 Units was up 15 percent over the 348,883 units sold in the same period last year, commercial vehicles were up 10 per cent at 1,09,485 units (99,901 units); and three wheelers sales were flat at 18,65,337 (17,40,828); two-wheelers up 7 percent at 18,65,828).  Total vehicle sales were up 8 per cent at 24,61,726 (22,75,330) (14)2.

More News