Auto sales grow 12% in July, cars up 5%, says SIAM

The industry will likely grow at 5%-10%, the industry body projected

Car sales are expected to grow between 5% and 10% this fiscal year, Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers (SIAM), said on Friday.

 

Domestic car sales in July rose an annual 5% to 1,37,873 units in July this year as compared to 1,31,257 units in the same month of 2013, SIAM data showed.

 

Mathur said while the commercial vehicle sector was "still a concern", he expected growth in the sector to return after five-six months.

 

Motorcycle sales during last month grew 6.17% to 8,59,290 units from 8,09,386 units in the same period last fiscal year. 

 

Total two-wheeler sales in July 2014 grew 13.73% to 12,87,462 units from 11,32,066 units in the same period of previous year.

 

Sales of commercial vehicles were down by 13.64% to 47,765 units from 55,310 units in the year-ago period, SIAM said.

 

Total sale of vehicles across categories registered a growth of 12% to 15,86,123 units in July 2014 as against 14,16,182 units in the same month of 2013, it added.