Friday, Oct 31, 2014

Domestic car sales rise 5.04 pct, bikes up 6.17 pct in July

PTI | New Delhi | Posted: August 8, 2014 12:31 pm

 

Domestic passenger car sales grew 5.04 per cent to 1,37,873 units in July this year as compared to 1,31,257 units in the same month of 2013.

 

According to the data released by Society of Indian Automobile Manufacturers (SIAM), motorcycle sales during last month grew 6.17 per cent to 8,59,290 units from 8,09,386 units in the same month previous year.

 

Total two-wheeler sales in July 2014 grew 13.73 per cent to 12,87,462 units from 11,32,066 units in the same period of previous year.

 

Total sales of commercial vehicles were down by 13.64 per cent to 47,765 units from 55,310 units in the year-ago period, SIAM said.

 

Total sale of vehicles across categories registered a growth of 12 per cent to 15,86,123 units in July 2014 as against 14,16,182 units in the same month of 2013, it added.

India’s car sales are expected to grow between 5 and 10 percent this fiscal year, Vishnu Mathur, director general of SIAM told reporters on Friday.

Mathur said while the commercial vehicle sector was “still a concern”, he expected growth in the sector to return after five-six months.

 

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