Car sales in the domestic market zoomed 40% in December led by revival in economic growth and easier retail financing, besides a low base of last year. According to figures released by the Society of Indian Automobile Manufacturers (Siam), 115,268 cars were sold in December 2009 against 82,174 units in the same month the previous year. Overall, auto sales recorded handsome gains across segments — cars, two-wheelers, three-wheelers and commercial vehicles. The total sales in the month were up 67.5% at 10 lakh units against 5.97 lakh units in December 2008. Year-end discounts have added to the demand for cars. In December, 13 of the 16 car makers — including the top three (Maruti Suzuki, Hyundai India and Tata Motors) — recorded growth in sales. The growth in December follows a 61% surge in November, the fastest since February 2004. Car sales remained buoyant in 2009-10 due to government’s stimulus packages and new launches. Sales during April-December grew 24%to 10.7 lakh units. “The number of new launches in the year were far more than what we have had in any previous year, and these launches have done very well,” Siam president Pawan Goenka said, adding that as many as 11 new cars and utility vehicles were rolled out between October and December. Two-wheeler sales were more stronger in December, growing 77% at 5.92 lakh units against 3.35 lakh units in the same month in 2008. Commercial vehicle sales jumped 172% at 48,614 units against 17,897 units in December 2008 as demand returned to the segment.
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