Domestic car sales decline 1% in September

Domestic passenger car sales declined 1.03% to 1,54,882 units in September on an annual basis, suggesting consumers are holding out on making big purchases just ahead of the festive season. 

Sequentially, car sales were almost flat from the 1,53,758 units shipped in the pevious month, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Passenger cars had shown strong annual growth in August, when sales grew 15%, albeit on a lower base. 

Motorcycle sales in September climbed 19.34% to 10,56,509 units from 8,85,309 units a year earlier.

The total two-wheeler sales in September rose 23.81% to 15,67,351 units.

Sales of commercial vehicles rose 8.59% to 56,140 units in September, SIAM said.

The two categories were strong contributors to total vehicle sales, which showed an impressive 20.44% increase to 19,04,007 units from 15,80,933 units in September 2013.