Commercial automobile sales fall 20% in July-September; sales of utility automobiles and vans climbed 24.5% and 10.6% respectively.
Passenger automobile dispatches to sellers by automotive corporations recorded a robust double-digit progress of 26.5% in September, in keeping with business physique SIAM. Manufacturers count on ‘good demand’ in the festive season that kicks off from Friday.
While automobile sales rose 28.92% to greater than 1.63 lakh models in September 2020 from about 1.27 lakh models in the 12 months earlier month, sales of utility automobiles and vans elevated 24.5% to 96,633 models and 10.64% to 11,413 models, respectively.
Commercial automobile sales, that are often seen as an indicator of financial exercise, fell 20.13% to about 1.33 lakh models in the July-September 2020 quarter as in contrast with about 1.67 lakh models in similar interval final 12 months.
SIAM has begun releasing wholesales CV sales information just for the complete quarter. For the CV section, the volumes are decrease than in the comparable interval of FY16, SIAM president Kenichi Ayukawa mentioned.
Two-wheeler sales grew 11.64% to greater than 18.49 lakh models as in opposition to over 16.56 lakh models in the identical month final 12 months. Data confirmed a year-on-year progress of 17.30% for bikes to over 12.24 lakh models and a marginal improve in sales of scooters at about 5.56 lakh models.
Three-wheeler sales plunged virtually 72% to 18,640 models in September as in opposition to 66,362 models in the year-ago month.