The Indian auto industry witnessed contrasting fortunes in the domestic sales of cars and motorcycles in August with the former continuing in the double digit growth path, while bikes slowed down to just 3.43 per cent.
According to figures released by Society of Indian Automobile Manufacturers, passenger car sales rose 16.01 per cent in the domestic market in August to 83,844 units from 72,272 units in the same month last year.
Maruti Udyog Ltd led the pack with 15.55 per cent growth at 41,728 units in August this year as against 31,117 units in the same month a year ago.
Tata Motors clocked an impressive 25.6 per cent growth during the month at 14,090 units as against 11,218 units last year.
Hyundai Motor India managed to register a growth of 8.51 per cent during the month at 16,067 units as compared to 14,806 units in corresponding period last year, SIAM said.
On the motorcycles front, sales skidded to single digits of 3.43 per cent during the month at 4,70,955 units against 4,55,311 units in August last year.
The dip in sales of motorcycles was mainly on account of market leader Hero Honda, whose sales during the month recorded a decline of 15.91 per cent at 2,00,208 units as compared to 2,38,104 units in the same month last year. Hero Honda had a week's plant shutdown during the month, which affected its sales.
However, sales of rivals Bajaj Auto grew by 18.66 per cent at 1,58,636 units as against 1,33,685 units in the same month last year.
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