Passenger car sales grow 5 per cent in July, SIAM sees better demand in FY15

Society of Indian Automobile Manufacturers' (SIAM) Director General Vishnu Mathur has said India's car sales are expected to grow between 5 and 10 per cent this financial year.

According to the data released by the industry body on Friday, domestic passenger car sales grew 5.04 per cent to 1,37,873 units in July this year compared to 1,31,257 units in the same month of 2013.

Motorcycle sales during the month under review grew 6.17 per cent to 8,59,290 units from 8,09,386 units in the same month previous year. Total two-wheeler sales in July 2014 grew 13.73 per cent to 12,87,462 units from 11,32,066 units in the same period of previous year.

SIAM data showed total sales of commercial vehicles were down by 13.64 per cent to 47,765 units in July from 55,310 units in the year-ago period. 

Mathur said while the commercial vehicle sector was "still a concern", he expected growth in the sector to return after five-six months.

Total sale of vehicles across categories registered a growth of 12 per cent to 15,86,123 units in July 2014 against 14,16,182 units in the same month of 2013, it added.