Festival push helps 16 pc car sales growth
Car market leader Maruti Suzuki India and arch rival Hyundai Motor India have helped the car industry post 16.42% growth in Nov, reports Deepak Joshi.autos Updated: Dec 11, 2007 21:38 IST
Car market leader Maruti Suzuki India (MSIL) and arch rival Hyundai Motor India (HMI) have helped the car industry post 16.42 per cent growth in November this year with their aggressive sales push in the festival period. The industry sold 1,03,031 car units in November 2007, compared with 88,501 units in the corresponding period last year.
MSIL posted 27.37 per cent growth at 57,554 units against 45,183 units last year, while HMI posted a growth of 15.47 per cent at 19,041 units, compared with 16,490 units in 2006, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Cumulative domestic passenger vehicles grew by 13.93 per cent at 9,93,404 units between April and November this year as against 8,71,960 units in the same period during 2006. Passenger cars grew by 13.78 per cent at 7,78,530 units, compared with 6,84,266 units in April-November 2006. Sales of multi-purpose vehicles increased by 19.35 per cent (62,340 units) and utility vehicles by 12.61 per cent (1,52,534 units).
Total commercial vehicles sales were up mainly because of growth in light commercial vehicles category, which was up 5.47 per cent at 18,405 units, against 17,451 units in 2006. Medium and heavy commercial vehicle sales were down by 3.50 per cent at 22,061 units, compared with 22,862 units a year ago.
Motorcycle sales, which has been on a decline this year, was down at 5,40,553 units during the month, compared with 5,56,612 units in the corresponding month of the previous year. Total two-wheeler sales in November also slipped by 2.07 per cent at 6,65,181 units as against 6,79,215 units last year.
In the motorcycles category, market leader Hero Honda Motors posted a growth of 3.47 per cent at 2,71,251 units, against 2,62,143 units last year. Bajaj Auto, however, was down by 8.97 per cent at 1,74,936, compared with 1,92,182 units last year. Sales of TVS Motor dropped by 22.46 per cent at 48,345 units in November compared with 62,350 units in November 2006. In the three-wheeler category, total domestic sales were down 12.48 per cent at 30,124 units, against 34,419 units a year ago.