India (SIAM): October Car sales: Sales continue to be strong

India (SIAM): October Car sales: Sales continue to be strong

Bengaluru

November 19, 2020

Indian Automobile Manufacturers Association: (SIAM)

On November 11, the October automobile statistics (shipment basis) were released.

Passenger car sales [including UV and vans]: See Appendix Table 1)

In November, there is a special demand for the Hindu festival Diwali (Torch Festival).

The car dealer has added inventory.

It increased by 14.2% from the same month of the previous year to 310,294 units.

General passenger car:

It secured positive growth with 182,692 units, an increase of 9.7% from the same month of the previous year.

However, the rate of increase decreased from 28.9% last month.

UV: 113,990 units, up 20.4% year-on-year,

Van: 13,612 units, up 29.2% year-on-year

Both maintained double-digit growth rates.

By major manufacturer: (See Appendix Table 2)

Of the 12 major manufacturers, 9 had positive growth.

1st place: Maruti Suzuki increased 17.6% year-on-year to 163,656 units.

2nd place: Hyundai Motor continued to grow steadily, increasing 13.2% year-on-year to 56,605 units.

Kia Motors showed the highest growth rate with an increase of 61.3%.

Sales of other manufacturers such as Honda and Toyota are also on a recovery trend.

Vehicle type:

Small SUVs and entry-level compact cars continued to drive demand.

Suzuki: “Alto” “Espresso” and “Bitter La Brezza”,

Hyundai: “Venue” and “Crete”,

Kia: New models “Sonnet”, “Seltos”,

Renault: The increase in sales of “Triver” was remarkable.

-JETRO