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AUTO SALES SPEED UP IN AUGUST BY 18%
 
AUTO SALES SPEED UP IN AUGUST BY 18%
Both automobiles sales domestic and exports increased strongly in August 05 whereby domestic sales crossed 7 lakh units in August 05 up18% while the latter grew by 54% to 77, 570 units in the same month. Automobiles sales have risen 12% to 33 lakh units for the first five months of 05-06.

Three - wheelers have improved their perfomance in August05 , turning in the highest growth rate of 28.5% over August 04, topping off a 14% increase in April - August 05 sales , the highest in the year to date period as well. Lot of the growth can be traced to new launches by leading players ,finance schemes as well as the replacement of older 3-wheelers with new ones that abide with the pollution- control-norms now active in most demand centres like the metro cities. 2 weelers are the largest segment in automobiles that are growing at 18% for aug05 and 13% in april-august 05. The superior fuel effeciency of 2-wheelers especially motorbikes ,is likely to make them even more attractive in the coming months. Finance schemes as well marketing activity continue to drive sales.

Cars showed better growth for Aug05 noticing the decline seen since May05. Aug sales were up 14%, while April-Aug05 sales were up 6.5%. July 05 had seen a 7.5% drop in domestic sales, while June05 had see a growth of 2.5% and May05 sales had arisen 13.8% . The description of this trend could be the result of the monsoon, which delayed purchases as well as deliveries, plus production delays at leading manufacturers. A promising feature of April-August 05 sales is the continued double- digit growth rates in exports,albeit from a small base ,even a domestic sales stagnated or fell. Indian auto manufacturers have stepped up efforts to enter new markets ,like Indonesia for motorbikes and Africa for Trucks and Buses supporting them with rising distribution ,brand building and acquisitions. Commercial vehicle sales have risen 45% In April- Aug05 and 2 wheeler exports grew 47% in the same period.
Posted On : 9/23/2005 11:38:55 AM

 
 
 
AUTO SALES SPEED UP IN AUGUST BY 18%