Monday, June 8, 2009

India's passenger vehicle sales continue erratic run

Continuing the erratic growth cycle registered in the past five months, India's passenger car sales fell by almost 0.8 percent in May to about 140,500 units, compared to the near 142,000 units sold in the corresponding month last year.

While passenger car sales were up about 4.2 percent in April and almost 15 percent in February, the industry had contracted by about 1.15 percent in March and 3.2 percent in January, data released Monday by Society of Indian Automobile Manufacturers (SIAM) said.

The small car segments A1 and A2, which make up over 60 percent of India's passenger car volumes, registered a healthy 11.1 percent growth during the period, with Maruti leading the pack with about 20.7 percent growth.

Maruti has seven offerings in the segment, including the newly launched Ritz and A-Star.

Hyundai, however, suffered 1.7 fall in sales last month. The south Korean company has four offerings in the segment, including the recently unveiled i20.

Exports grew almost 30 percent in May to 30,000 passenger vehicles from 21,378 exported in the like period of 2008.

Commercial vehicle sales were down 14.8 percent from about 36,100 units in May 2008 to 30,800 units last month. Largest manufacturer Tata Motors scored a 2.9 percent growth, selling over 9,300 vehicles as against 9,078 units sold in May 2008.

The two-wheeler segment grew 12.4 percent in the domestic market, selling over 727,930 units last month as against 647,350 units sold in May 2008.

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