Domestic automobile sales continue to break record numbers with SIAM on Thursday stating that the total vehicle sold in the country during August at 12,63,293 units was the highest ever achieved in a month, bettering the mark set in July this year.
The industry had witnessed a total sales of 12,37,461 units in July this year. On the back of the continued robust growth, Society of Indian Automobile Manufacturers (SIAM) said auto sales will exceed the forecast it had made earlier this fiscal.
The overall vehicle sold in the domestic market during August grew by 25.24 per cent from 10,08,712 units in the same month last year.
SIAM said the record number in August was driven by best ever monthly sales achieved in passenger cars, passenger vehicles, two-wheelers and multi-utility vehicles segments.
“The fundamentals of the economy continue to be strong and consumer confidence is high. These are driving the growth of sales of vehicles, mainly in the personal usage segments,” SIAM Director General Vishnu Mathur told reporters here.
According to SIAM, domestic passenger car sales jumped by 33.24 per cent to 1,60,794 units in August compared to 1,20,681 units in the same month last year. The August sales was the best ever monthly sales, bettering the previous best of 1,58,764 units in July this year.
Similarly, motorcycle sales of 7,27,542 units, up 19.04 per cent to from 6,11,168 units in the same month last year, was also a record. The previous highest of 7,25,311 units was achieved in May this year.
Total two-wheeler sales of 9,57,304 units in August, up 23.24 per cent to from 7,76,772 units in the same month last year, was also a record. The previous best was in July this year at 9,38,514 units.
Sales of commercial vehicles jumped by 28.12 per cent to 52,030 units from 40,609 units in the year-ago period.
Mr. Mathur said with sales continuing to be robust, SIAM expects the industry to exceed its predictions made earlier this year.
SIAM had forecast that passenger vehicles sales to grow around 13 per cent this fiscal, which is now witnessing a growth of around 30 per cent.
“Similarly, utility vehicles are growing at around 17 per cent as against a forecast of 14 per cent,” he said, adding the commercial vehicles segment is also growing at 24 per cent as against a forecast of 19-20 per cent for 2010-11.
