Domestic car sales up 17.47% in July

In a sharp uptick, cars sales rose by 17.47 per cent in July - highest in three months - to 1.62 lakh units helped by Maruti and Honda, but rural-market dependent motorcycles and LCVs continued to skid.
This marks the ninth consecutive month of domestic sales growth for passenger cars and a strong rebound from a modest rise of just 1.5 per cent in June.
This is also the best-ever show for the month of July for car sales in the domestic market.
Sales of motorcycles and light commercial vehicles (LCVs), which primarily depend on rural markets, fell by 6.36 per cent and 4.11 per cent respectively.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales in July stood at 1,62,022 units, as against 1,37,922 in the same month of last year. This is the highest growth after 18.14 per cent recorded in April.
"We have seen fairly good growth in the passenger vehicle industry and in heavy commercial vehicle industry. We have almost seen 7.46 per cent growth in the passenger vehicle as a whole, out of which passenger cars has grown by about 10 per cent and in the medium and heavy commercial vehicle industry, we have seen a very decent growth of almost 25 per cent," SIAM Director General Vishnu Mathur told reporters here.

In July, leading passenger car makers as Maruti Suzuki reported an increase of 25.85 per cent in its sales to 91,602 units in comparison to 72,782 units of July 2014.

Similarly, Honda sales were up 42.98 per cent to 17,567 units; Tata Motors to 8,520 units with an increase of 26.18 per cent; Toyota Kirloskar, up 6.66 per cent with 5,025 units and Volkswagen, up 18.18 per cent to 4,029 units.
Sales of Hyundi Motors India Ltd were up only 1.83 per cent to 29,599 unit in July 2015 as against 29,067 units of last year. Car sales of some makers such as Ford, General Motors and Mahindra & Mahindra has declined in July.

"We have seen the number which is higher than any July in the past. That would be for the passenger cars as well as passenger vehicles as a whole," said Mathur.
In June, domestic passenger car sales rose 1.53 per cent to 1,62,677 units from 1,60,232 units in the year-ago month.