The Society of Indian Automobile Manufacturers (SIAM) has published a data regarding car sales during September 2016. The report shows a massive growth of 21% by selling 129,683 units compared to the 107,517 units of last September. Interestingly, almost half of the sales came from the India’s largest passenger car manufacturer Maruti Suzuki.
All the segments of Maruti Suzuki have done well by achieving double digit growth percentage. The most impressive performance came from the \utility segment which includes Vitara Brezza. Compact segment which includes Swift hatchback, Dzire compact sedan, Baleno hatchback and mini segment which includes cars such as Alto 800, Wagon R and Celerio has seen growth of 12% and 25% respectively. Surprisingly the sedan Ciaz’s sales grew 52% which resulted into sales of 6,544 unit.
The second biggest car maker, Hyundai however didn’t announce its sales numbers, but it is expected to have seen a growth of 5% which is quite less than its closest competitor Maruti Suzuki.
Homegrown car maker, the Tata Motors have also seen a large spike in its sales with 24% growth, thanks to the newly launched Tiago, which has been applauded by the critics. Another Indian utility car manufacturer, the Mahindra and Mahindra has seen a growth of 5% with the sales of 20,537 unit. The M&M growth was mainly due to the increased demand of Scorpio, Xylo and XUV 500. The Japanese car manufacturer Toyota has also done well with 6% growth, thanks to the all new Innova Crysta. Recently the court has also lifted ban over the cars having more than 2,000cc engine in Delhi NCR, which has also helped Toyota to do well in the market. However, in terms of growth, Renault and its alliance partner Nissan steal the show with a massive growth of over 100% with the help of Kwid and redi-Go respectively.
The industry is looking to set a double digit growth after 5 years, thanks to the Indian economy which is recovering slowly. The sales figures are set to rise even further due to the upcoming festive season and year-end festivities.