September auto sales numbers likely to remain weak

Auto sales data for the month of September will be released on Tuesday and the numbers are expected to be on the weaker side. There has been no real pickup in sentiment and also there was an inauspicious season of shradh between September 13 and September 28 during which no purchases or bookings are done.

However, a lot of the automakers have indicated that there is a pickup in footfalls, there is a pickup in walk-ins and in inquiries and that could translate into higher sales as the industry heads into the festive season.

So the festive season starts from September 28, the day that shradh ended and it will be very important to track how the data is henceforth.

Also, a lot of companies have indicated that the fall that was seen in September is not as bad as the one seen in the month of July and August. So there could be a month-on-month improvement despite the fact that there was this shradh period between September 13 and September 28.

-Sales seen (RD) 22 percent at 1.26 lakh vs 1.62 lakh units

-Weak retail demand to affect wholesales

-Total sales seen (RD) 16 percent at 4.22 lakh vs 5.02 lakh units

-Total sales seen (RD) 48.5 percent at 9,982 vs 19,373 units

-Weak demand and inventory clearing to impact M&HCV growth

-Total sales seen (RD) 17 percent at 76,950 vs 92,603 units

-Auto sales seen (RD) 25 percent; Tractor sales seen (RD) 4.2 percent

-Total sales seen (RD) 15.5 percent at 6.50 lakh vs 7.69 lakh units