New Delhi: Domestic passenger car sales increased 1.87 per cent to 1,62,566 units in April as against 1,59,588 units in the year-ago period. Motorcycle sales last month rose by 16.24 per cent to 10,24,926 units from 8,81,743 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Total two-wheeler sales in April rose 21.23 per cent to 15,60,339 units. Sales of commercial vehicles rose 17.36 per cent to 53,835 units in April, SIAM said.
Vehicle sales across categories registered an increase of 20.04 per cent to 19,00,879 units from 15,83,582 units in April last year.
"The uptick in bike sales during the last month can be mainly attributed to wedding season. We'll have to see if this continues as the rural demand still remain subdued. Though various factors like forecast of a better monsoon has improved the sentiment," Mathur said.
Mather added that despite better show during last month, the industry is still far from its peak performance.
"In none of the categories we have reached the peak levels we saw during the 2011-12 period," Mathur noted.
In the motorcycle segment, market leader Hero MotoCorp's sales were at 5,17,019 units as against 4,68,699 units in the year-ago month, up 10.3 per cent.
Rival Bajaj Auto saw 24.84 per cent increase in its sales at 2,00,433 units as compared with 1,60,554 units in the same month last year.
Honda Motorcycle and Scooter India's (HMSI) bike sales were at 1,50,711 units as against 1,31,204 units in the corresponding month last year, up 14.86 per cent.
In the scooter segment, total sales were up 35.85 per cent at 4,68,368 units as against 3,44,752 units in the year ago month.
Market leader HMSI posted sales of 2,63,324 units as against 1,97,790 units in the same month last year, a growth of 33.13 per cent. Hero MotoCorp's scooter sales also jumped by 48.18 per cent to 83,506 units as compared with 56,352 units in April
last year. Chennai-based TVS Motor Co saw its scooter sales at 60,455 units as against 47,843 units in the year-ago month, up 26.36 per cent.
SIAM said sales of commercial vehicles rose 17.36 per cent to 53,835 units in April.
"Heavy commercial vehicle segment is witnessing demand from the replacement segment as well demand for new vehicles due to infrastructure and mining segments gaining steam," Mathur said.
Vehicle sales across categories registered an increase of 20.04 per cent to 19,00,879 units from 15,83,582 units in April last year. "Growth in all segments in April 2016, is a very positive trend for the Indian automotive industry... Hopefully, uncertainty relating to the diesel vehicles will also gets resolved soon. If incentives are offered to replace the old vehicles it will give further boost to the demand," said Abdul Majeed, Partner, PriceWaterhouseCoopers.
However, he added, if monsoon fails this year and uncertainty relating to diesel vehicles continues, there will be significant challenges in maintaining the overall growth in the automotive sector.
Published Date: May 09, 2016 03:29 pm | Updated Date: May 09, 2016 03:42 pm