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New Delhi: A strong start greeted automobile sales in the new financial year (2009-10) with April numbers going up 10.7%, boosted by higher demand for twowheelers and cars.
According to figures released by the Society of Indian Automobile Manufacturers (Siam), total automobile sales in the domestic market stood at 8.94 lakh units against 8.07 lakh units in the same month last year.
A healthy recovery in two-wheeler numbers, charged by Hero Honda, led this momentum. Total two-wheeler sales in April stood at 7 lakh units against 6.16 lakh units in the same month last year, Siam said. Motorcycle segment grew 12% at 5.6 lakh units against 5 lakh units in April 2008, led by Hero Honda's 26% growth, offsetting declines witnessed by Bajaj Auto and TVS.
Scooter sales were also up in the month, maintaining their strong showing over the last few months. Total scooter sales in April stood at 97,129 units against 8,1002 units in the same month a year ago, witnessing a sharp 20% growth. Honda Motorcycle and Scooter India was the main contributor to this surge.
Cars also continued to drive on the recovery path and registered the third straight month of growth. Total sales were up 4% in April at 1.02 lakh units against 98,752 units in the same month last year with the top three players—Maruti, Hyundai and Tata Motors—all registering growth. Lower retail interest rates and increasing liquidity are among reasons boosting sales of cars. However, officials of car companies say a full recovery is "still some time away and we should take things month by month.''
Hit hard by the economic recession and poor finance availability, car sales had contracted in the second half of last financial year and finished 2008-09 with a near-flat 1.3% growth. Siam said it is too early to say that the country's auto mart is on a recovery path. "On a monthon-month basis, all the segments, except for the twowheeler, recorded lesser sales compared with last month. Signs are not very encouraging and things are still very sensitive,'' Siam senior director Sugato Sen said. "The growth that we are seeing is mainly because of the low base effect of the last year,'' he added.
According to figures released by the Society of Indian Automobile Manufacturers (Siam), total automobile sales in the domestic market stood at 8.94 lakh units against 8.07 lakh units in the same month last year.
A healthy recovery in two-wheeler numbers, charged by Hero Honda, led this momentum. Total two-wheeler sales in April stood at 7 lakh units against 6.16 lakh units in the same month last year, Siam said. Motorcycle segment grew 12% at 5.6 lakh units against 5 lakh units in April 2008, led by Hero Honda's 26% growth, offsetting declines witnessed by Bajaj Auto and TVS.
Scooter sales were also up in the month, maintaining their strong showing over the last few months. Total scooter sales in April stood at 97,129 units against 8,1002 units in the same month a year ago, witnessing a sharp 20% growth. Honda Motorcycle and Scooter India was the main contributor to this surge.
Cars also continued to drive on the recovery path and registered the third straight month of growth. Total sales were up 4% in April at 1.02 lakh units against 98,752 units in the same month last year with the top three players—Maruti, Hyundai and Tata Motors—all registering growth. Lower retail interest rates and increasing liquidity are among reasons boosting sales of cars. However, officials of car companies say a full recovery is "still some time away and we should take things month by month.''
Hit hard by the economic recession and poor finance availability, car sales had contracted in the second half of last financial year and finished 2008-09 with a near-flat 1.3% growth. Siam said it is too early to say that the country's auto mart is on a recovery path. "On a monthon-month basis, all the segments, except for the twowheeler, recorded lesser sales compared with last month. Signs are not very encouraging and things are still very sensitive,'' Siam senior director Sugato Sen said. "The growth that we are seeing is mainly because of the low base effect of the last year,'' he added.
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