Passenger car sales increased by 14.76 per cent in June

As we reported earlier, majority of car manufacturers witnessed a growth in the sales for the month of June. According to the data released by the Society of Indian Automobile Manufacturers (SIAM), the domestic passenger car sales increased by 14.76 per cent. The gross sale stands at 1,60,232 units as compared to 1,39,624 units in June 2013. Extended excise duty cut and tempting discounts attracted a number of buyers which caused the surge in sales. In the month of June, major gainers include Honda, Nissan, Ford, Maruti Suzuki and Hyundai. Though despite the duty cuts, there were manufacturers like Tata Motors and Chevrolet who failed to take advantage of this opportunity.

While the sales of commercial vehicles remained down by 9.03 per cent. The automakers sold 8,76,196 units compared to 7,99,254 units last year for the same month. In the motorcycle segment, the composite sales stood at 8,76,196 units from 7,99,254 units in June 2013. The segment witnessed a growth of 9.63 per cent. While the sales of two-wheeler rose to 12.99 per cent to 12,61,589 vehicles. Vehicle sales across different categories registered an increase of 12.15 per cent to 15,78,884 units from 14,07,875 units in June 2013.

Honda being one of the most profitable manufacturer, scored a growth of 75 per cent with majority of sales coming from Honda City and Amaze. While after a long wait, Nissan finally registered a good growth of 48 per cent along with Ford at 36 per cent and Hyundai at 9.5 per cent.

Continuing the path of success, Maruti Suzuki sold a total of 112,773 units in June 2014 which includes 1,00,964 units in domestic market and 11,809 units in exports. For the same period last year, India's largest passengers carmaker retailed 84,455 units.  The majority of sales come from Swift siblings- Swift hatch and compact sedan Swift DZire, while the latest entrant Celerio is also selling in decent numbers.