New Launches, Low Interest Rates Drive Up Car Demand In December moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Cars at an automobile plant at Manesar, Delhi NCR.
| Photo Credit: The Hindu
As per the data, passenger vehicle sales stood at 252,998 units in December 2020, compared to 222,728 units in December 2019
Domestic wholesales of passenger vehicles grew 13.6% year-on-year in December 2020 albeit on a lower base, according to data released by the Society of Indian Automobile Manufacturers (SIAM). The industry body added that the market situation is dynamic and uncertain and the industry is facing a shortage of semiconductors, steel and shipping containers.
As per the data, passenger vehicle sales stood at 252,998 units in December 2020, compared to 222,728 units in December 2019. While car sales were up 8.36% to 146,864 units, wholesales of utility vehicles was up nearly 20% to 94,787 units.
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Passenger vehicle segment witnesses a rise in sales in December 2020 compared to Dec 2019.
Passenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.
As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 7.42 per cent to 11,27,917 units, compared to 10,50,038 in December 2019. Motorcycle sales increased 6.65 per cent to 7,44,237 units as against 6,97,819 in December 2019.
Scooter sales were also up 5.59 at 3,23,696 units from 3,06,550 units a year ago.
Commenting on the December sales, SIAM Director General Rajesh Menon said the passenger vehicle and two-wheeler segments witnessed an increase in sales last month over a very low base of December 2019.
Read more about PV sales in India at ten-year low, industry working to regain volumes: SIAM on Business Standard. The industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday
Car sales December 2020: Hyundai Venue steals Kia Sonet s thunder Updated Jan 14, 2021 | 17:08 IST
Hyundai noted that it sold 12,313 units of Venue in India in December 2020. In comparison to this, Kia sold 5,959 units of Sonet here last month. Car sales December 2020: Hyundai Venue steals Kia Sonet s thunder
Key Highlights
Kia sold 5,959 units of Sonet here last month
Hyundai also sold 4,984 more units of Creta than Kia Seltos in December 2020
The sub-compact SUV segment in India is extremely popular and this is evident by the sales figures. Despite a severe sales slowdown, the sub-four metre SUVs racked up substantial sales in the country last year. This trend was witnessed in December 2020 as well where small SUVs attracted many customers. And ruling the sales charts last month in India was Hyundai Venue. The company sold 12,313 units of the SUV in India in December 2020, making it the best-selling sub-compact SUV in India last month. What s in