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Rediff.com  » Business » Car sales up 11.67%; bike sales dip 18%

Car sales up 11.67%; bike sales dip 18%

Source: PTI
Last updated on: October 10, 2007 14:15 IST
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Reflecting one of the worst months in years for the Indian auto industry, total vehicle sales in the domestic market in September fell by 9.58 per cent with passenger vehicle sales coming down to single digit growth, despite car sales continuing to grow.

Already hit hard by rising interest rates, the industry suffered a double whammy with export of cars declining by 8.25 per cent during the month, thanks to the appreciating rupee.

The two-wheeler segment continued its dismal performance registering a 13.17 per cent fall, while motorcycle sales skid by 18.40 per cent.

According to figures released by Society of Indian Automobile Manufacturers, total vehicle sales in the domestic market stood at 8,89,693 units compared to 9,83,983
units in the same month last year.

In the passenger vehicles segment, growth was down to single digit at 9.67 per cent with sales of 1,33,320 units in September against 1,21,564 units in the corresponding year-ago period.

Car sales, however, managed to grow by 11.67 per cent at 1,05,822 units against 94,757 units in the corresponding month a year ago on the back of market leader Maruti Suzuki India and General Motors India clocking good numbers despite the overall slump in the industry.

MSI registered sales of 56,322 units in September gain st 49,045 units last year, up 14.83 per cent. GMI's car sales jumped nearly three-fold at 3,798 units against 1,284 units last year.
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