Auto industry domestic sales rise by 17.54pc at 1660437 units

Barring negative growth in a few segments like passenger vans, medium and heavy commercial vehicle passenger carriers, light commercial vehicles, sales in the automobile industry grew by 17.54 pc in August 2014 to 1660437 units. All this indicates that the Indian automobile industry is slowly limping back to normalcy and is possibly getting into growth mode, thanks to some macro-economic decisions being taken by the new Modi government. Production of vehicles too grew by 14.86pc in August as compared to the corresponding month last year to 1943134 units. Exports grew by 15.18pc to 332739 units.

According to the data provided by SIAM, significant growth was registered in the scooter segment which saw a rise of 30.44pc in domestic sales to 369323 units. Mopeds grew by 31.54pc at  65871 units. Motorcycles and step-throughs registered sales of 910312 units, growing by 14.45pc. Passenger cars sold 153758 units in August 2014, registering a growth of  15.16 units. Utility vehicles grew by 18.07 pc at 46501 units. Unfortunately vans did bad with a degrowth of -20.55pc at 13656 units.

Passenger carriers in the medium and heavy commercial vehicles segment degrew by -25.77 pc at 2682 units while goods carriers grew by 20.40pc at 14273 units.

Three wheelers domestic sales grew by 23.51pc in August this year compared to last year, at 52543 units. Passenger carriers contributed to 44524 units, with the remaining sales from goods carriers at 8019 units.

The industry produced a total 1,943,134 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in August 2014 as against 1,691,699 in August 2013, registering a growth of 14.86 percent over the same month last year.