India sales volume hit record in December 2018
India sales volumes hit a record in November 2018 for the first time since 2009.
The November sales were reported by the National Sales Council (NSC), which is the apex body for India’s car market, as well as the National Vehicle Administration (NVDA), which handles vehicle registrations.
In the year to November, India had registered 2,921,000 vehicles, up 18.3 percent from the same period in the previous year.
The National Vehicle Authority (NVMA) is India’s auto-manufacturer regulatory agency.
It reported that the October-December period was the first month since February that the country’s car sales rose above the 1.4 million vehicle benchmark.
According to the NSC, the October sales total was the highest ever in a calendar year.
It also reported that India had sold 4 million cars in November.
The December sales were the second-highest in a single calendar year behind January 2018, when sales increased by 8.7 percent to 2,821,700.
India has sold more than 2.8 million vehicles in November, up from 1.9 million in October.
In October, the country recorded 7,000 new registrations and 2,500 more than the prior month, the NSHC said.
It said the November sales increase was largely due to the government’s introduction of a car-sharing program in November to help people commute.
It also said that sales of luxury vehicles (VZLs) increased 7.3% to 1.6 million units.
The NSHSC added that the December increase was partly due to an increase in sales of vehicles that can be retrofitted for public transport, such as private buses, taxis, and buses.
In November, the average price for a car in India increased to Rs 4,000 from Rs 2,400, it said.
The government has increased fuel subsidies for car owners, and the government is also pushing for more private-sector car dealerships.
The national average price of a VZL rose from Rs 1,900 to Rs 2.5 lakh.