Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 21, Saturday 2018 3:02 PM       

       HEADLINES: We have lost a socially-committed editor: Governor                                              K M Mani condoles M S Ravi's demise                                              Kadakampally, Kerala Working Journalist Union condole demise of Kerala Kaumudi Chief Editor                                              Kathua fake hartal arsonists to face POCSO charges                                              New born baby mauled to death                                              Opposition's five charges against CJI Dipak Misra                                              Jaitley terms impeachment motion against CJI a 'revenge petition'                                              Impeachment motion against CJI a political move: Constitution expert                                              Cuba marks end of era as Castro hands over power                                              PM Modi should pay more attention to women safety: IMF chief                                              Sheikh Hasina makes it to Time's list of 100 most influential people                                              Ships don't want to stop at Chinese run Hambantota                                              Cricket Australia to name Lehmann's replacement before UK tour                                              ECB proposes new 100-ball format of cricket                                              World Cup of tennis in one week is horrible idea: Anand Amritraj                                              Kaumudi Facebook
       AUTOMOBILE Next Article: To have petrol option for all models in India by Sep: Mercedes  
       Car sales up 9.53% in Aug, Siam revises growth target for PVs
 
         Posted on :16:10:52 Sep 8, 2016
   
A A
       Last edited on:16:10:52 Sep 8, 2016
         Tags: Car sales, Aug, Siam, PVs
 
NEW DELHI:  Domestic passenger vehicle sales grew for a 14th straight month in August with a 16.68 per cent increase, prompting auto industry body Siam to revise upward its growth estimate for the ongoing fiscal to 10-12 per cent.
 
According to the data released by the Society of Indian Automobile Manufacturers (Siam), passenger vehicle sales in August were at 2,58,722 units as against 2,21,743 units in the same month last year.
 
Car sales were up 9.53 per cent to 1,77,829 units as against 1,62,360 units in August last year.
 
"The revival in auto sector has become stronger and we are seeing growth across all vehicles segments... good monsoon and the 7th Pay Commission have contributed in creating positive consumer sentiments," Siam Director General Vishnu Mathur told reporters here.
 
Buoyed by the sustained performance, Siam expects growth in the passenger vehicles (PVs) segment for FY17 to be higher than its last estimate.
 
"Originally we have estimated the growth of the PVs to be 11-13 per cent which was later revised downward to 6-8 per cent. Looking at what is happening and after speaking to our members, it is now felt that the growth will be higher. We should be hitting around 10-12 per cent," Siam Deputy Director General Sugato Sen said.
 
In April-August period, passenger vehicles sales have grown by 10.74 pen cent to 12,15,569 units as against 10,97,704 units a year-ago.
 
Demand for passenger vehicles has been driven by new models, especially in SUV category with the likes of Maruti Virata Brezza and Hyundai Creta clocking good numbers.
 
Mathur said considering marker sentiment, auto industry is set for one of the best festive seasons in about 3-4 years.
 
In August, market leader Maruti Suzuki India's domestic PV sales grew by 12.29 per cent to 1,19,906 units. It had sold 90,269 cars as against 86,454 units in the same month last year, up 4.41 per cent.
 
Rival Hyundai Motors India also saw its PV sales up by 6.66 per cent at 43,201 units. The company's car sales were at 34,728 units as against 32,985 units in the year-ago month, up 5.28 per cent.
 
Homegrown utility vehicles major Mahindra & Mahindra saw PV sales jump by 28.51 per cent in August to 18,246 units. Its utility vehicle sales were at 17,119 units as against 13,307 units in the same month last year, up 28.65 per cent.
 
According to Siam, total two-wheeler sales in August grew 26.32 per cent to 16,48,883 units compared with 13,05,348 units in the year-ago month.
 
"Two-wheeler segment is witnessing a good growth as there is a revival in the motorcycle segment with demand returning in the rural market on the back of a good monsoon," Mathur said. 
A A
       AUTOMOBILE
Next Article: To have petrol option for all models in India by Sep: Mercedes
 
 
AUTOMOBILE HEADLINES
Volvo Cars plans to assemble two more models in India this year  
Toyota plans to hike vehicle prices next month  
China to lift foreign ownership limits on automakers  
VW's new CEO asserts authority as sets out on road to reform  
Paris Motor Show 2018 to be trendsetter in showcasing futuristic technologies in automobile space  
Mahindra Electric, Zoomcar partner to offer self-drive EVs on rent  
Ford could make electric cars in Germany after 2023  
HMSI recalls 56,194 units of Aviator, Activa 125, Grazia  
Tesla recalls early model S vehicles over power steering bolts  
Jaguar Land Rover to test self-driving valet parking on Britain's streets  
Maruti Suzuki Devils Circuit becomes India's leading disruptive sporting property  
Chandrababu Naidu to launch Hero Motors plant project Friday  
BlackBerry, JLR ink pact for next-generation vehicles  
Tata Motors delivers 25 hybrid electric buses to MMRDA  
American cycling brand Trek Bicycle launches in India  
Hero MotoSports team to take part in Desert Storm  
Mobycy unveils new range of smart electric bicycles  
Production of vehicles up by 14.41% till Feb'18  
New Rolls-Royce Phantom arrives in North India  
California allows autonomous car testing without backup drivers  
Tips to keep in mind before buying car insurance  
Andhra to develop as automobile hub: CM Naidu  
Royal Enfield strengthens its dealership network in Maharashtra, inaugurates new dealership in Mumbai  
Name of new high-bodied vehicle to be Rolls-Royce Cullinan  
Vintage car rally grab eyeballs in national capital  
 
Sreejith case: Do you think arrested policemen are innocent?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy