No feast for the auto industry, October car sales increase slightly, three months of consecutive decline

In October, car sales edged up 0.38% to 1,85,400 units last month, compared to 1 84,706 units a year ago.

Domestic sales of pbadenger cars rose 1.55% in October, after three months off Indian Automobile Manufacturers Society (SIAM) said Friday

According to the latest data released by the SIAM, the pbadenger car (PV) in October amounted to 2.84.224 units against 2.79.877 units a year ago.

In July, August and September, PV sales were down 2.71%, 2.46% and 5.61%, respectively.

SIAM General Manager Vishnu Mathur said the positive growth in PV sales was observed. in October reflects the general trend of the automotive industry.

Overall, the data show fairly healthy growth.

Sales of all categories of vehicles

grew by 15.33%, from 21.62,869 units to 24,94,426 units in October 2017.

On PVs, Mathur "Poor growth is mainly due to the base effect, besides other factors such as rising insurance, high fuel prices and lower sentiment on the stock market. "

When asked if these factors were affecting the festive mood, Mathur has the real impact of festive sales will only be known next month, as Diwali was in November this year.However, until the end in the month of October, sales were slow and it was not a holiday season. "

However, he stated that SIAM maintained its growth forecasts for PVs from 7 to 9% for exercise.

During the April-October period of this fiscal year, total sales of photovoltaic panels increased by 6.10 percent to 20,288,529 units from 19,118 units in the previous year, SIAM reported.

Sugato Sen, deputy general manager of SIAM, said

During the month, market leader Maruti Suzuki India recorded a marginal growth of 0.61% in sales of photovoltaic panels. 948 units. Its rival Hyundai Motor India also posted a 4.87% increase to 52,001.
Mahindra & Mahindra, a major US commercial vehicle manufacturer, recorded a 2.75% increase in its PV sales to 24,056 units.

In October, car sales edged up 0.38% to 1.85,400 units last month from 1.84,706 units the year before.

According to the SIAM, total sales of two-wheelers increased by 17.23% in October, to 20 533 497 units compared with 17 51 608 units the previous year. [19659004] The growth is mainly due to good sales of motorcycles, which rose 20.14% last month to 13 277 758 units, against 11 051 140 the previous year.

"Rural motorcycle markets are in high demand. explains largely the growth of sales, "said Mathur.

During the month, the market leader, Hero MotoCorp, saw its bicycle sales rise 18.83% to 6,422,374 units. Bajaj Auto also recorded a 33.1% increase to 2.81.582 units, while Honda Motorcycle and Scooter India (HMSI) also recorded a 16.33% growth in bicycle sales, with 1,68,020 units in October.

Sales of scooters in October amounted to 6,43,382 units compared to 5,71,431 units in the same month last year, sales of HMSI scooters, the market leader, were In October, 3,229,115 units, up 9.89%, Chennai-based TVS Motor surged 41.46% of its scooter sales to 1,45,737 units, while MotoCorp's saw a drop of 8.5% to 73,685 units last October.

Sales of commercial vehicles jumped d e 24.82% to 87 147 units SIAM reported in October against 69 816 units a year ago.