Passenger automobile gross sales rise 14% in October

2020/11 12 01:11

The home wholesale (despatches from the factories to the sellers) of passenger vehicles recorded a progress of 10 per cent year-on-year (YoY) to 1,82,692 items in October, in contrast with 1,66,568 items within the corresponding month of the earlier yr.

Utility automobiles additionally grew by greater than 20 per cent to 1,13,990 items in the course of the month, in contrast with 94,637 items in October 2019.

This has led to whole passenger automobile gross sales of three,10,294 items in October, a progress of 14 per cent YoY, towards 2,71,737 items in the identical month final yr, newest knowledge launched by the Society of Indian Vehicle Producers (SIAM) mentioned on Wednesday.

Since these are wholesale numbers, they’re fairly totally different from retail gross sales. Earlier this week, Federation of Vehicle Sellers Associations (FADA) had reported round 9 per cent dip in passenger automobile retail gross sales at 2,49,860 items for October.

 

Two-wheeler section

Within the two-wheeler section, whereas scooter gross sales grew marginally (2 per cent YoY), bike gross sales shot up 24 per cent YoY.

Scooter gross sales had been recorded at 5,90,507 items in the course of the month, in comparison with 5,80,120 items in October 2019.

Motorbike gross sales grew at 13,82,749 items towards 11,16,886 items within the corresponding month final yr.

“The month of October noticed continuity in gross sales progress trajectory, drawing on from the earlier month. There have been marked enhancements witnessed throughout sure segments as a consequence of superb festive demand,” Rajesh Menon, Director Basic, SIAM, mentioned.

Three-wheelers down

Nevertheless, whole gross sales of three-wheelers declined by 61 per cent YoY to 26,187 items final month, in contrast with 66,985 items in October 2019.

“Three-wheelers noticed a slight enchancment in gross sales, in comparison with the final month, nonetheless, it has nonetheless registered de-growth, over the corresponding month of final yr,” Menon mentioned.

He added that October wholesale numbers have been good on account of sellers making ready to serve demand for the upcoming Diwali competition.


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