Domestic car sales have improved for the first time this fiscal with the industry selling 1.56 lakh cars during September, up by 0.73% from a year earlier 1.54 lakh. However, the uptick remained limited on account of high interest rates and fuel costs.
Meanwhile, sales of Two-wheeler sales also improved by 18.39% on year-on-year basis to 12.65 lakh units during the month compared with 10.69 lakh units in September 2012, according to the data released by Society of Indian Automobile Manufacturers (SIAM). However, total sales of commercial vehicles were lowest in the last 38 months, i.e, down by 26.95% to 51,680 units from 70,746 units in the year-ago period.
Nevertheless, total sale of vehicles across categories registered a growth of 11.64 per cent to 15,80,254 units in September 2013 as against 14,15,526 units in the same month of 2012. Going further, Automakers expect some recovery on cards as demand picks up during the key festive months between September and December, considered to be auspicious by Indians for making big-ticket purchases.
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