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Data from the Society of Indian Automotive Manufacturers (SIAM) indicates a positive trend in the automotive industry. Last month, two-wheeler sales rose by 1.5%. Sales It grew by 31.3 percent to 16,23,399 units. However, this is slightly less than the highest sales in this segment. SIAM’s report said that data from big automobile companies like Tata Motors, BMW, Mercedes and JLR has not been received and hence it is not included in the sales data. Last month, sales of three-wheelers grew by 30.8 percent on a year-on-year basis. About 59,738 units were sold in this segment.
Sales of the automobile sector also give a big indication about the country’s economy. SIAM President, Vinod Aggarwal said, “Sales of the automobile industry have increased significantly during the festive season. There has been some increase in the sales of passenger vehicles. There has been a strong growth in the sales of two-wheelers and three-wheelers. Sales of commercial vehicles have remained almost the same as last year. The industry expects the sales momentum to remain intact next year as well.”
One of the major automobile companies Maruti Suzuki Last month, the sales of Maruti Suzuki stood at around 1.34 lakh units. In the same month last year, the company’s sales were around 1.32 lakh units. For Maruti Suzuki, cars like Baleno, Swift and WagonR have made a major contribution to the sales. However, in the SUV segment, Brezza, Grand Vitara and Fronx have helped it achieve growth. Sales of Maruti Suzuki in the SUV and MPV segment increased to 49,016 units. This segment includes Brezza, Fronx, Grand Vitara, Jimny, S-Cross, Ertiga, Invicto and XL6. The company has increased its focus on this segment. Maruti Suzuki has decided to increase the prices of its cars from January next year. However, the company did not say how much the prices would increase.
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