【Pune】The domestic car sales in India is expected to consolidate at 4 per cent in financial year 2014-15, said 'The Indian Automotive Industry - Expectation survey 2014' published by Paris based international advisory firm Mazars.
As per the Report, the automobile sector would grow double digit in Asia's third largest economy after financial year 2017-18.
The growth numbers will bring some cheer to the auto manufacturing sector, which has been witnessing a downfall in recent times. According to data available with the Society of Indian Automobile Manufacturers (Siam), for the year 2013-14, car sales fell for the second consecutive year with a drop of 4.65 per cent at 17,86,899 units compared to 18,74,055 units last year. In the previous year, car sales dropped 6.69 per cent, the first decline in a decade, in the world's sixth largest automobile market.
○Heavy CV sales up after 2 years
【New Delhi】Sales of heavy commercial vehicles (HCVs), regarded by many as a barometer of economic activity, rose 11 per cent in the three months ended June 30, for the first time in about two years.
Sales were 26,989 units in the quarter, the first of 2014-15, a rise of 10.8 per cent over the 24,353 units sold in the corresponding period of FY14.
Data from the Society of Indian Automobile Manufacturers (Siam) show sales of medium and heavy commercial vehicles (MHCVs) dropped 43 per cent to 200,627 units as of March, from 348,701 units in FY12-13. Further, the share of MHCVs in overall sales of CVs dipped to 31.7 per cent in FY14 from 43 per cent two years earlier. HCVs accounted for 44 per cent of total sales of MHCVs in 2012-13.
○Top 10 best selling cars in June 2014
【New Delhi】Car sales in June 2014 surged 15%, the fastest growth rate in 10 months, but industry body SIAM says that the sales spike is mainly due to the fear of withdrawal of excise duty benefits which were originally due till June 30.
Here is the list of top 10 best selling cars in India, in the month of June 2014.
June (May)
01)Maruti Alto 30,499 (17,311)
02)Maruti Wagon R 17,119 (11,757)
03)Maruti Swift Dzire 15,990 (18,953)
04)Maruti Swift hatchback 13,632 (17,936)
05)Mahindra Bolero 7,909 (8,846)
06)Hyundai Grand i10 7,901 (9,317)
07)Honda City 7,715 (7,216)
08)Honda Amaze 7,073 (4,750)
09)Hyundai Xcent 7,069 (7,792)
10)Hyundai Eon 6,579 (6,300)
【News source】
After a sluggish start, car sales to consolidate at 4% in FY15: Survey
Heavy CV sales up after 2 years
Top 10 best selling cars in June 2014
Free download of "The Origin of Christianity"
Special sale for Ad Space
Readers' Voice
Your Comments
SEAnewsFacebook
SEAnewsGoogle