Moneycontrol PRO
HomeNewsTechnologyAutoCar, SUV sales hit high gear in Aug; bikes, scooters scrape through

Car, SUV sales hit high gear in Aug; bikes, scooters scrape through

Passenger vehicle sales see 14 percent rise in August from last year, in first double-digit growth for the year. Strong pulls from rural pockets, a slight revival in urban markets, festive buying and easier finance schemes helped revive volumes during the month.

September 11, 2020 / 13:14 IST
The price of the 2020 Mahindra Thar has been unveiled. The much-awaited SUV's base model will retail for Rs 9.80 lakh (ex-showroom) in India. Here are other details you need to know about the car. (Image source: Mahindra)
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Auto sales clocked their first double digit monthly growth for the year, selling 14 percent more passenger vehicles (PV) in August -- from last year.

    A strong pickup in retail demand and a low base were the main drivers.

    Society of Indian Automobile Manufacturers (SIAM) data shows that  wholesale volumes (those bought by dealers) of PVs closed 215,916 units in August. The sales data does not have passenger vehicle numbers of Tata Motors since the company stopped sharing numbers since March-end.

    Strong pulls from the rural pockets, a slight revival in urban markets, festive buying and easier finance schemes helped revive volumes during the month.

    Two-wheeler, SUV sales

    Utility vehicles, which SUVs are a part of, grew by 15 percent during August, commanding an unchanged share of 37 percent. Sales of passenger cars grew by 14 percent during the same month, holding a share of 58 percent. The remaining share is held by vans.

    Two-wheeler sales during the same month grew by 3 percent to 1.55 million units, compared to the same month last year. About half of the two-wheeler sales, primarily budget motorcycles, depend on rural consumption.

    Scooters are dependent on urban markets. As urban markets are yet to come out of the woods, the overall performance of two-wheelers remains below par.

    Motorcycles continued to lead demand, with sales improving 10 percent to 9.37 lakh. Scooter demand declined yet again, falling by 12 percent to 4.56 lakh. Easy on pocket and low on power, mopeds outpaced the industry, recording a growth of 26 percent at 70,126 units.

    CV sales figures not disclosed

    Kenichi Ayukawa, President, SIAM, said: “We are beginning to observe growth, which is instilling confidence back into the industry, especially in the two-wheeler and the passenger vehicle segments. Even though the industry witnessed year-on-year growth in August 2020, it is to be recognised that the base figures in August 2019 itself was very low, as the industry had shown a fall of about 32 percent for PVs, and 22 percent for two-wheelers in 2019 over 2018.”

    Sales of CVs were not shared by SIAM for August. Tata Motors, which is one of the top two CV makers in the country, has stopped sharing wholesale data even as its competition such as Mahindra & MahindraAshok Leyland and VE Commercial Vehicles share the data freely.

    Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

    Moneycontrol News
    first published: Sep 11, 2020 01:14 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347