‘Car sales up despite high input costs, fuel prices’

July 10th, 2008 - 10:17 pm ICT by IANS  

New Delhi, July 10 (IANS) In spite of high input costs and fuel prices, car manufacturers in the country managed to post six percent growth in June sales, according Society of Indian Automobile Manufacturers (SIAM). The manufacturers’ forum said Thursday that the domestic passenger car sales recorded a 6.1 percent increase in June while sales of motorcycles went up by 8.2 percent.

According to SIAM, the sales of domestic passenger cars were 99,738 units in June compared to 94,002 units of June 2007. The number of motorcycles sold last month was 473,899 against 437,776 units of the year-ago period.

During the period, the total vehicle sales in the country stood at 801,605 units against 751,979 units in the same period of last year, up by 6.59 percent.

SIAM said Hyundai Motor India, which posted 34 percent jump in sales, led the growth in passenger vehicle sector. Hyundai sold 21,877 units in June 2008 against 16,314 in June 2007.

Market leader Maruti Suzuki India posted just 2.4 percent growth at 48,935 units against 47,783 units of the last year period.

Auto major Tata Motors’ domestic sales declined by 5.8 percent to 13,307 units from 14,081 units.

The total two-wheeler sales in June increased by 6.4 percent to 601,941 units from 565,433 units in the same month last year, said SIAM.

Hero Honda with 16.56 percent growth in sales led the two-wheeler sector growth. The company sold 277,654 units last month compared to 238,195 units in the year-ago period.

However, three-wheeler sales was down by 4.3 percent to 29,804 units against 31,161 units in the same month last year, the report said.

Commercial vehicle sales went up by 13.5 percent to 40,324 units from 35,518 units in June 2007. The sale of light commercial vehicle during the month grew by 20 percent to 18,569 units.

Medium and heavy commercial vehicle sales stood at 21,755 units against 20,055 units in the same month last year, up by 8.4 percent.

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