Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 21, Saturday 2017 1:39 AM       

       HEADLINES: Milk price may be hiked by Rs 2                                              Shivpal finds place in Akhilesh Yadav's first list                                              Stalin, Kanimozhi among DMK leaders held; protesters stay put                                              Air India removes 57 over-weight crew members from flying duty                                              Hizbul Mujahideen warns people against participating in R-Day                                              New legislation to tighten H1B visas to foreign techies                                              Pak asks India, WB to inform it of all future hydel projects                                              Saina, Jayaram reach quarterfinals in Malaysia Masters                                              Probably one of my best innings, says Yuvraj Singh                                              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
Delhi HC seeks Centre, AAP govt reply on plea against faulty CNG kits  
Mercedes hits currency recall speed bump, lowers sales target  
BMW to offer new version of i3 electric car in 2017  
Porsche launches Macan variant priced at Rs 76.84 lakh  
Mercedes launches two convertibles priced up to Rs 2.25 cr  
Toyota launches Fortuner variants priced up to Rs 31.12 lakh  
Maruti, Hyundai lead robust car sales in October  
Mahindra launches electric car 'e2oPlus'  
BMW launches 3 Series Gran Turismo priced up to Rs 47.5 lakh  
Honda,Yamaha explore collaboration for small scooters in Japan  
Hyundai recalls 7,657 units of small car Eon in India  
Maruti posts record sales in Sept as festive season begins  
Nissan unveils limited edition Datsun redi-Go Sport  
Hero launches new Achiever 150 priced up to Rs 62,800  
Maruti crosses 15 lakh units milestone in cumulative exports  
Tax rates limiting best-selling cars rollout in India: Honda  
Car sales up 9.53% in Aug, Siam revises growth target for PVs  
To have petrol option for all models in India by Sep: Mercedes  
Renault launches more powerful Kwid priced up to Rs 3.95 lakh  
India Yamaha rolls out one-millionth scooter  
Toyota launches petrol Innova Crysta to overcome diesel ban  
S Korea suspends sale of 80 Volkswagen models  
Volvo Cars profit triples in first half  
Honda Activa pips Hero's Splendor as best selling 2W range  
Piaggio to launch Aprilia SR 150 scooter in Aug, priced Rs 65k  
 
Azharuddin's nomination for HCA president's post was rejected. Do you agree to this?
Yes
 
No
 
Don't know
 
 
 
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