Passenger vehicle sales on the fast lane in July, Maruti aids growth

Sale of passenger vehicles in the domestic market grew by a robust 11.4% in July as the industry returned to a highgrowth trajectory after a temporary pause in June (down 0.54%).
By : Hindustan Times
| Updated on: 11 Aug 2015, 02:44 PM
Passenger vehicle sales on the fast lane in July, Maruti aids growth
Passenger vehicle sales on the fast lane in July, Maruti aids growth
Passenger vehicle sales on the fast lane in July, Maruti aids growth
Passenger vehicle sales on the fast lane in July, Maruti aids growth

Sale of passenger vehicles in the domestic market grew by a robust 11.4% in July as the industry returned to a highgrowth trajectory after a temporary pause in June (down 0.54%).

The growth was led by market leader Maruti Suzuki, which logged its highest monthly sales since March 2012 and its third highest ever in a month. The industry tally of 222,368 units was the highest ever for July. Maruti's market share also rose to a 10-year high of 49.64%. If the category of maxi cab soft top vehicles, including Mahindra Gio, Maxximo and Tata Ace Magic, Magic Iris, which are considered as commercial vehicles, is excluded, Maruti's share rose to a near 15-year high of 50.21%.

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Overall industry numbers across categories, however, grew by only 0.14%, as lower sales of motorcycles and light commercial vehicles offset the growth in cars, SUVs and scooters. Motorcycles sales have not grown in a month since October 2014, while light commercial vehicles (LCVs) have been declining since May 2013.

"There is a definite revival taking place in the passenger vehicle category. New launches and an improved sentiment is aiding that," said Vishnu Mathur, director-general, Society of Indian Automobile Manufacturers.

First Published Date: 11 Aug 2015, 02:40 PM IST
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