The Indian Automotive Industry's output in the Apr-Sept 2016 period stood at 13,421,500 vehicles - and that includes passenger vehicles, commercial vehicles, two-wheelers, three-wheelers and quadricycles, that is a year-on-year growth of 11.92 per cent. Passenger vehicles grew faster than the industry average at 12.34 per cent year-on-year in the same period.
The month of September 2016 brought cheers for two wheeler manufacturers such as Royal Enfield and Yamaha who showed a growth of 30 per cent and 33 per cent respectively in comparison to September 2015. Hero MotoCorp and Honda Two Wheeler have sold over 6 lakh and 5 lakh units in September 2016, indicating that the festive season is here indeed.
The month of September 2016 has been a mixed bag so far. While Maruti Suzuki has had a great month with over 31 per cent growth, Honda Car India saw a drop in sales by almost 20 per cent, when compared to September 2015. Keep watching this space as we bring you up to date with the performance of other manufacturers for the month that just went by.
It seems that the month of August that just went by, brought cheers to the entire automotive industry. The 2-wheeler industry too saw good times. Manufacturers such as Honda Two Wheelers, Royal Enfield, Yamaha, TVS and Hero MotoCorp saw a growth of 20 per cent over the month of August 2015.
Hyundai India's popular compact SUV - the Creta has had a phenomenal sales record ever since it went on sale in the country last year and the model has managed to set yet another record, with over 13,000 units sold in a month.
With a positive monsoon this year, volumes have shown a steady incline for two wheeler manufacturers has companies have reported growth in volumes for July 2016. Here is how each of the companies fared in the previous month.
It's a year of milestones for Honda Motorcycle and Scooter India (HMSI) as the manufacturer sold 4,53,844 lakh two wheelers in July this year, achieving its highest ever monthly sales.
Four months into this Financial year and as we approach the festive season things are looking a bit better for the Auto industry but exports still remain a major concern for top auto-makers.
