New Delhi : Domestic passenger vehicle (PV) sales grew at 19.92 per cent in September, touching highest volumes in over four-and-a-half years, led by record sales in the utility vehicles segment.
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), PV sales in September stood at 2,78,428 units as against 2,32,170 units in the same month last year. PVs in March 2012 had seen the sale of 2,95,403 units, showing year-on-year growth of about 22 per cent.
Utility vehicle sales last month saw 37.93 per cent jump to 66,851 units, from 48,467 units a year ago. Car sales, on the other hand, grew by 15.14 per cent to 1,95,259 units as against 1,69,590 units. “The passenger vehicle numbers represent build up of inventories for the festive season. Besides, various car makers have been able to sort out capacity issues leading to supply of certain models which are in high demand,” SIAM Deputy Director General Sugato Sen told reporters here. Buoyed by the sustained performance, SIAM expects growth in the PV segment in the current fiscal to be in the 10-13 per cent range. “The industry is geared up for the festive season. We expect it to be better than previous years,” SIAM Director General Vishnu Mathur said.
