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Home Business Passenger vehicle wholesale in India up 14 pc in October: SIAM

Passenger vehicle wholesale in India up 14 pc in October: SIAM

Passenger vehicle wholesale in India up 14 pc in October: SIAM
Image Source : PTI Passenger vehicle wholesale in India up 14 pc in October: SIAM

Passenger vehicle wholesale in India elevated by 14.19 per cent to three,10,294 items in October in opposition to 2,71,737 items in the identical month final yr as firms despatched extra items to sellers to cater to enhanced demand in the festive season, auto business physique SIAM mentioned on Wednesday.

According to the newest knowledge by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler gross sales additionally rose 16.88 per cent to twenty,53,814 items, in contrast with 17,57,180 items in the identical month final yr.

Motorcycle gross sales had been at 13,82,749 items as in opposition to 11,16,886 items in October 2019, up 23.8 per cent.

Scooter gross sales had been additionally up 1.79 per cent at 5,90,507 items from 5,80,120 items in the identical month final yr.

Three-wheeler gross sales, nonetheless, declined by 60.91 per cent to 26,187 items final month as in opposition to 66,985 items in the identical month final yr.

“The month of October saw continuity in sales growth trajectory, drawing on from the previous month. There were marked improvements witnessed across certain segments due to very good festive demand,” SIAM Director General Rajesh Menon mentioned.

Three-wheelers noticed a slight enchancment in gross sales, in comparison with the final month, nonetheless, it has nonetheless registered a de-growth of 60.

91 per cent, over the corresponding month of final yr, he added.

“October wholesale numbers have been good on account of dealers preparing to serve demand for the upcoming Diwali festival, which is in November this year,” Menon mentioned.

During the month, wholesale of Maruti Suzuki India stood at 1,63,656 items, up 17.64 per cent from the identical month final yr.
Similarly, Hyundai Motor India gross sales rose to 56,605 items, up 13.9 per cent from October 2019.

Kia Motors dispatched 20,621 items final month, a rise of 61.25 per cent over October 2019.

In the two-wheeler house, Hero MotoCorp wholesale stood at 7,91,137 items in October, up 34.78 per cent from the identical month final yr.

Honda Motorcycle and Scooter India gross sales stood at 4,94,459 items final month, up 1.36 per cent from October 2019.

TVS Motor Company noticed its wholesale enhance by 19.27 per cent to three,01,380 items final month as in contrast with the identical month final yr.

Earlier this week car sellers’ physique FADA had reported an 8.8 per cent dip in passenger vehicle (PV) retail gross sales in October at 2,49,860 items.

According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration knowledge from 1,257 out of the 1,464 regional transport places of work (RTOs), PV gross sales stood at 2,73,980 items in October 2019.

Total retail gross sales throughout classes declined 23.99 per cent to 14,13,549 items, final month in comparison with 18,59,709 items in the year-ago interval.

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