Domestic sales of automobiles touched an all-time high of over 7.3 million units in the first half of 2010-11, a 27 per cent increase over the same period last year. All segments -- cars, utility vehicles, SUVs, trucks, buses, scooters, motorcycles and three-wheelers -- notched up their highest sales and growth during April-September. Sales data for Sept 2010
The high consumer demand has stunned even the apex industry body Society of Indian Automobile Manufacturers, forcing it to revise its projections for this financial year to 18-20 per cent overall growth, with cars growing the fastest at 21-23 per cent and two wheelers growing at 17-19 per cent.
“The performance has been much better than what we had targeted in August,” said Pawan Goenka, president, SIAM who also heads the country’s largest tractor and utility vehicle maker Mahindra and Mahindra.
The first half culminated with the best ever September sales at over 1.3 million units. Two wheelers, which account for over 76 per cent of the total industry volumes, grew at a healthy 20 per cent to over a million units during the month, their highest ever. Passenger vehicles also grew handsomely at 28.7 per cent to an all-time high of 215,632 units.