Autos in festive mood, August sales zoom
A flurry of small car launches and a better economic environment after a severe downturn year helped the automobile industry post strong across-the-board growth in all segments in August, industry data said on Tuesday.autos Updated: Sep 08, 2009 20:33 IST
The auto industry is zooming again, it seems. A flurry of small car launches and a better economic environment after a severe downturn year helped the automobile industry post strong across-the-board growth in all segments in August, industry data said on Tuesday. With an overall growth of 22 per cent aided by both cars and two-wheelers, the mood is set for an optimistic festive season.
The car sales have been powered by this year’s new models that include the Tata Nano, Maruti's Ritz and Estilo, Hyundai’s i20, the Honda Jazz and Fiat’s Grande Punto.
The performance seemed to surpass industry expectations, with the voluminous Mini and A2 segments that account for more than 80 per cent of the overall market growing by 34 per cent during August 2009 over the same month last year.
Market leader Maruti Suzuki India Ltd was the stand out performer with sales of 69,961 cars in the month, a 29 per cent growth over last year. The numbers swelled largely on account of Estilo, Ritz and traditional successes like Alto and Wagon-R, which put together posted a near-40 per cent growth.
While the small cars zoomed ahead, almost all other segments are struggling. The mid-size segment remained stagnant at a little over 19,000 units sold in the month, while executive, premium and luxury segments saw single-digit growth.
Its a similar story for the two-wheeler industry, with market leader Hero Honda far ahead with competitors Bajaj, TVS and Honda playing follow the leader. Hero Honda’s sales for August stood at over 4 lakh units — 37 per cent over last year — as the industry growth logged in at 25 per cent.
Motorcycles led the race with a 26 per cent rise in sales, followed by scooters, which grew 23 per cent.
Within the mobike segment, 100cc entry level bikes like Hero Honda Splendor and Passion found the maximum takers, with a sales growth of 37 per cent over August, 2008.