Moneycontrol

Budget 2023Budget 2023
Live Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.

Sales of cars, SUVs up 31% YoY in September, biggest jump in 2020

This is the second-consecutive monthly year-on-year growth recorded by the passenger vehicle and two-wheeler segment

October 16, 2020 / 09:54 PM IST

Sales of cars and SUVs jumped 31 percent year-on-year (YoY) in September, the most for any month in 2020 on the back of increased dispatches by manufacturers to their dealers to cater to the festive demand.

This is the second-consecutive monthly YoY growth recorded by the segment. If compared to the average monthly sales of 231,000 units of last year the passenger vehicle segment has already gone past the pre-COVID-19 levels.

As per data shared by the Society of Indian Automobile Manufacturers (SIAM) passenger vehicle (car, SUV and van) sales in September grew to 293,226 (272,027 + 21,199 of Tata Motors) units as compared to 223,221 (215,124 + 8,097 of Tata Motors) units sold in the same month last year. The SIAM data does not have Tata Motors sales data which the company issued separately to the stock exchanges.

Sales of passenger cars grew by 29 percent while utility vehicles grew by 25 percent and vans by 11 percent during September. August saw a 14 percent increase in sales to 215,916 units.