scorecardresearch
Saturday, Jan 28, 2023
Advertisement

Domestic passenger vehicle sales rise 26.5% in September: Industry body SIAM

SIAM Auto Sales September 2020: Domestic two-wheeler sales last month stood at 1,849,546 units, up 11.64 per cent from 1,656,658 units year ago, data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday showed.

Maruti Suzuki vehicles stand lined up at the Maruti Suzuki India Ltd. Brand Center prior to the second-quarter earnings news conference at their headquarters in New Delhi, India, on Thursday, Oct. 24, 2019. (Photographer: Prashanth Vishwanathan/Bloomberg)

Passenger vehicle sales across the country climbed 26.45 per cent on-year to 272,027 units during September, data released by the Society of Indian Automobile Manufacturers (SIAM) showed. During the year ago period, 215,124 units were sold across India, the data revealed.

However, exports of passenger vehicles in September were down 35.89 per cent year-on-year at 39,146 units, it showed.

Domestic two-wheeler sales last month stood at 1,849,546 units, up 11.64 per cent from 1,656,658 units year ago, the industry body’s data released on Friday showed. Of this, the motorcycle sales saw 17.30 per cent on-year rise at 1,224,117 units, while scooter sales inched up 0.08 per cent higher at 556,205 units.

Two-wheeler exports too saw a rise of 9.17 per cent at 331,233 units in September.

Subscriber Only Stories
At international checkpoint, online system  helps vehicles cross over sea...
Experts say Adani Group stock sell-off may not affect market, but deepens...
Delhi Confidential: Lok Sabha Speaker wants MPs to learn lessons from Pad...
Ramcharitmanas of Tulsidas, and criticism of the holy book
Various automobile products of Maruti Udyog stay stocked in the vicinity of India’s giant car maker at the Manesar plant in Gurgaon, India on wednesday. (Express Photo by Tashi Tobgyal)

During the quarter ended September, domestic passenger vehicles grew 17.02 per cent on-year at 726,232 units. Two-wheeler sales in Jul-Sep quarter saw a 0.17 per cent rise at 4,690,565 units, the auto industry body said. Commercial vehicle sales however saw a 20.13 per cent fall at 133,524 units during the quarter under review.

Vehicle sales across categories during the September quarter slipped 0.98 per cent to 5,596,223 units.

Commenting on the September 2020 data, SIAM President Kenichi Ayukawa said, “Passenger Vehicles and Two-Wheelers are positive, although on a very low base of previous year. We are expecting good demand in the festive season starting tomorrow. Thanks to government intervention, auto loan interest rates are below 8%, the lowest in a decade and that should encourage customers to purchase new vehicles.”

First published on: 16-10-2020 at 11:26 IST
Next Story

‘It was a good opportunity for Washington & Shivam’: Coach Katich on de Villiers’ batting position against KXIP

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close