New Delhi, Dec. 10: Car sales in India fell 8 per cent to 1.42 lakh units in November from 1.55 lakh units a year ago — the second consecutive month of decline as demand fell after the festive season.
Siam, the apex body for automobile manufacturers, said they hoped the market would improve once a new government came to power in next year and the economy turned around.
“The current situation is unlikely to change till the time a new government comes. At this stage, this government cannot do anything spectacular to bring about a revival,” Siam deputy director-general Sugato Sen said.
“We are going through a challenging phase. We anticipated that the November sales would decline after the festive season demand dries up. We knew that the high demand during the festivities were unsustainable under the current economic conditions,” he said.
The Society of Indian Automobile Manufacturers (Siam) hopes the new central government will address the problems of the industry and give tax sops.
In November, market leader Maruti Suzuki India posted a 4.22 per cent decline in its domestic sales at 71,649 units against 74,793 units in the year-ago month.
Hyundai Motor India saw its sales fall 3.66 per cent to 33,427 units from 34,698 units in November last year.
However, motorcycle sales grew 1.44 per cent to 8,80,015 units from 8,67,508 units in the same month the previous year.
Scooter sales during the month rose 25.03 per cent to 3,05,586 units from 2,44,414 units in the same month last year. Scooter market leader Honda Motorcycle and Scooter India (HMSI) posted sales of 1,63,679 units in November, up 48.29 per cent from 1,10,376 units in year-ago period.
Hero MotoCorp posted sales of 54,932 units last month, a rise of 24.28 per cent from the year-ago period.