The festive season failed to provide the respite the passenger car
makers were hoping for. After two months of positive growth, passenger
vehicle sales hit negative growth lane in October, while the utility
vehicle (UV) segment reported positive growth after recording a drop in
volumes for three months. Two-wheelers continued their positive
momentum, while all other segments were in the negative growth curve.
Car sales were down 3.88 per cent at 163,199 units in October when
compared with 169,788 units in October 2012. However, sales, highest
monthly number so far in the current fiscal, were higher when compared
with September 2013 volumes of 156,018 units, according to Society of
Indian Automobile Manufacturers’ Association (SIAM).
Driven by new models, UV sales saw a rise of 7 per cent at 57,020 units
in October against 53,285 units in the same month last year.
The good momentum started in August for two-wheelers continued in
October too as overall sales were up 18 per cent at 15,16,291 units
against 12,85,015 in the same month of the previous year.
However, economic slowdown and slump in industrial activity continue to
haunt the commercial vehicle industry as sales declined by 20 per cent
to 53,533 units from 66,722 units. During the first seven months ended
October 30, 2013, sales of passenger vehicles (PV) fell by 5 per cent to
14,40,405 units over the same period last year. Cars and utility
vehicles sales fell by 4.5 per cent and 3 per cent, respectively, while
vans saw a 10 per cent drop in sales when compared with the year-ago
period.
Total commercial vehicle sales dropped by 16 per cent.
Two-wheeler sales saw a rise of 6 per cent at 85,33,262 units during the seven month period.
Three-wheeler sales declined by 5 per cent in April-October when
compared with the year ago period. Passenger and goods segments
registered a fall of 6 per cent and 5 per cent, respectively.
http://www.thehindu.com/business/Industry/domestic-car-sales-slump-in-october/article5343146.ece
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