Finance

Passenger car sales up 9.48 per cent in September: Siam

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NEW DELHI: The festive season coupled with lower fuel prices gave a boost last month to domestic passenger car sales which grew by 9.48 percent, industry data showed on Friday.

According to data furnished by the Society of Indian Automobile Manufacturers (Siam), passenger car sales during September stood at 169,590 units against 154,898 units in the like month of the previous year.

The data revealed that the total passenger vehicle sales, which includes cars, utility vehicles and vans, went up by 3.84 per cent to 232,167 units from 223,584 units sold in September, 2014.

However, sales of utility vehicles fell by 8.56 per cent to 48,464 units. The off-take of vans, too, receded by 10.1 per cent to 14,113 units.

The industry data for last month showed a 12.07 per cent growth in the overall commercial vehicles segment sales, which is a key indicator of economic activity.

The commercial vehicles segment off-take for September stood at 62,845 units from 56,078 units sold during the corresponding month of 2014.

On the other hand, sales of three-wheelers receded by 13.04 per cent in the month under review at 49,524 units from 56,078 units sold in September of 2014.

A downward trend was also seen in the sales of two-wheelers last month. Two-wheelers sales slipped by 1.06 per cent to 1,537,137 units from 1,553,608 units sold in the like month of 2014.

Bucking the trend for the two-wheeler industry, scooter off-take in September was up 6.54 per cent at 462,341 units. However, motorcycle sales plunged by 21.20 per cent at 54,559 units.

Exports for the month under review were higher by 3.54 per cent at 343,125 units sold abroad from 331,397 units shipped out during September, 2014.

Notwithstanding sales abroad, total automobile sales in September were marginally lower by 0.45 per cent at 1,881,673 units from 1,890,218 units sold in the corresponding month of 2014.

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