New Delhi: Festival season buying propped automobile sales in the domestic market with car sales witnessing a 7.6 per cent rise in October at 79,043 units while motorcycle sales accelerated 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 car makers registering sales growth.
Car sales in the seven months of this fiscal year have grown a modest 6.3 per cent to 4,88,973 units against 4,59,649 units in the same period last fiscal year.
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 year.
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, for Bajaj it was a blazing 40 per cent growth as it sold 1,89,169 units (1,34,673).
As much as seven of the nine-odd bike makers saw numbers going up in the month, and these included TVS Motors, Yamaha India, LML Ltd.
Bike sales in the April-October ’05 period have grown by 21.9 per cent to 33,27,852 units against 27,28,604 units in the same period last fiscal year.
Scooter sales, however, were down 4.2 per cent in the seven months of this fiscal year at 5,33,961 units against 5,57,535 units in April-October ’04. 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. The numbers here have grown 16 per cent to 40,50,229 units so far this fiscal year.
Commercial vehicles sales were up 18.8 per cent to 31,663 units from 26,645 units in October ’04. Both Medium and Heavy Commercial Vehicle (M&HCV) and Light Commercial Vehicle (LCV) segments saw robust demand, growing by 34 per cent and 8.6 per cent respectively.
Segment majors Tata Motors and Ashok Leyland continued with healthy numbers, while others like Eicher Motors also witnessed good demand.
Commercial vehicle sales in the April-October ’05 period have grown 8.94 per cent to 1,82,206 against 1,67,250 units in the same period last fiscal year. M & HCV segment sales though have been almost flat, going by just 1.07 per cent to 1,03,859 (1,02,758) while LCVs have seen numbers go up by 21 per cent to 78,347 from 64,492 units in the seven months of last fiscal year.
Three-wheeler sales in October grew 16.6 to 33,270 units from 28,515 units in the same month last fiscal year, Bajaj and Piaggio witnessing healthy growth. Sales of three-wheelers so far this fiscal year have grown 13.9 per cent to 1,98,103 units (1,73,805).
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