Snapping a nine-month streak of decline, domestic passenger car sales grew by 15.37% to 1,33,486 units in August this year, compared to 1,15,705 units in the same month last year. Industry body Society of Indian Automobile Manufacturers (SIAM), however, played down the feat saying the growth was mainly due to low base effect as a result of the month-long lockout last year at the country’s largest car maker Maruti Suzuki India Manesar plant.
The positive growth seen in August is unlikely to be sustained in September and a recovery in the market is likely to happen only in the next couple of quarters.
In August, market leader MSI doubled its domestic car sales at 63,499 units as against 31,653 in the same month last year. The company had declared a month-long lockout at its Manesar plant in August 2012 following a violent labour unrest in which a senior executive was killed.
According to the latest SIAM figures, motorcycle sales grew by 3.82% last month to 7,95,378 units from 7,66,127 units in the same month of previous year.
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