Auto sales jump 68 percent to over 10 lakh units in December
Indian automobile industry recorded an impressive 68 percent growth in sales in December last year, thereby continuing with the push it had received from two stimulus packages since 2008-end and successfully beating the year-end blues.
New Delhi: Indian automobile industry recorded an impressive 68 percent growth in sales in December last year, thereby continuing with the push it had received from two stimulus packages since 2008-end and successfully beating the year-end blues.
According to the Society of Indian Automobile Manufacturers (SIAM), the total vehicle sales in the country rose to an astonishing 10,00,500 units last month against a mere sale of 5,97,241 units in the year-ago period.
All major manufacturers like Maruti Suzuki, Hyundai Motor, Tata Motors, Hero Honda and Bajaj Auto, registered healthy jumps, which were further fuelled by low-base effect of 2008 due to slowdown in the domestic automart.
Thanks to the late surge in sales towards the second half of the year, total domestic automobile sales in year 2009 grew by 16.93 percent to 1,13,20,918 units compared to 96,82,113 units in 2008.
"In fact in the passenger vehicle segment, India was the third highest growing market in the world after China and Germany in 2009," SIAM president Pawan Goenka told reporters at the 10th Auto Expo here.
While India`s passenger vehicle sales were up 18 percent, China`s 42 percent growth propelled by a tax cut on cars announced in January 2009, he said. Germany saw 25 percent growth buoyed by the incentives given for buying new vehicles in exchange of old ones.
Goenka said sales in 2009 were also boosted by new launches totalling 11, the highest in recent years.
Passenger car sales stood at 1,15,268 units in December, the ninth straight month of growth, compared to 82,174 units in the same month a year ago, up 40.27 percent.
Motorcycle sales rose by 76.70 percent to 592,596 units in the month from 335,370 units in December 2008, it added.
Carrying forward the upward march that began in July, sale of commercial vehicles in the country soared by nearly three-fold to 48,614 units.
In the passenger car segment, sales of market leader Maruti Suzuki increased by 35.43 percent to 62,653 units in December 2009 from 46,262 units in the year-ago period.
The country`s second largest carmaker Hyundai Motor India registered 42.64 percent growth at 22,252 units compared with 15,600 units in the corresponding month of 2008, SIAM said.
Tata Motors` sales went up to 12,944 units from 8,422 units in December 2008, a jump of 53.69 percent.
In the motorcycle segment, market leader Hero Honda`s sales jumped by 78.73 percent to 3,51,953 units in December 2009 compared to 1,96,914 units in the year-ago month.
Rival Bajaj Auto`s sales soared by over two-fold to 1,46,262 units. Chennai-based TVS Motor Company registered a growth of 43.26 percent at 34,141 units in December.
Honda Motorcycle & Scooter India (HMSI) saw its bike sales increasing by 29.90 percent to 40,241 units from 30,978 units in the year-ago period.
SIAM said the total two-wheeler sales in December last year surged by 66.60 percent to 7,67,796 units from 4,60,852 units in the corresponding month in 2008.
In the scooter segment, sales jumped by 41.39 percent to 1,27,597 units against 90,247 units a year ago, SIAM said.
HMSI`s sales were up by 24.67 percent at 70,048 units against 56,186 units in the same month previous year.
SIAM said TVS Motor`s scooter sales also increased by 43.86 percent at 20,735 units compared to 14,413 units in the same month in 2008. Hero Honda`s scooter sales were up 30.07 percent at 16,081 units as against 12,363 units in the year-ago period.
Three-wheeler sales during December were up by 83.67 percent at 34,993 units compared with 19,052 units, it added.
Light commercial vehicle sales were up by over two-fold to 24,577 units against 10,997 units in the year-ago period.
Medium and heavy commercial vehicle sales rose by over three-fold to 24,037 units compared to 6,900 units in the same month previous year.