Auto sales zoom in Sep; await festive season for added boost (Intro Roundup)

New Delhi, Oct 1 : Base effect along with a rebound in domestic demand led major automobile players to report healthy year-on-year and sequential sales numbers for September.
Analysts cited factors such as healthy monsoon, pent up demand and preference for personal mobility over public transport due to the pandemic as other key reasons for the upswing.
Leading the pack was automobile major Maruti Suzuki’s total sales in September rose over 30 per cent to 160,442 units from 122,640 units sold during the corresponding month of last year.
“This is a growth of 30.8 per cent over the same period previous year. The performance has to be seen in the context of lower base of September 2019. Total sales include domestic sales of 150,040 units and 2,568 units for other OEMs. In addition, the company exported 7,834 units in September 2020,” the company said in a statement.
“However, the company’s sales during the first half of FY21 declined by 36.6 per cent to 469,729 units over H1 April-September (FY2019-20).
Similarly, automobile major Hyundai Motor India’s cumulative sales rose during September. It increased by 3.8 per cent to 59,913 units from an offtake of 57,705 units sold during the like period of the previous year.