Domestic automobile sales continue to break record numbers with SIAM on Thursday stating that the total vehicle sold in the country during August at 12,63,293 units was the highest ever achieved in a month, bettering the mark set in July this year.

The industry had witnessed a total sales of 12,37,461 units in July this year.

On the back of the continued robust growth, Society of Indian Automobile Manufacturers (SIAM) said auto sales will exceed the forecast it had made earlier this fiscal.

The overall vehicle sold in the domestic market during August grew by 25.24 per cent from 10,08,712 units in the same month last year.

SIAM said the record number in August was driven by best ever monthly sales achieved in passenger cars, passenger vehicles, two-wheelers and multi-utility vehicles segments.

“The fundamentals of the economy continue to be strong and consumer confidence is high. These are driving the growth of sales of vehicles, mainly in the personal usage segments,” SIAM Director General Vishnu Mathur told reporters in New Delhi.

According to SIAM, domestic passenger car sales jumped by 33.24 per cent to nearly 1.7 lakh units in August.

Similarly, motorcycle sales of 7.27 lakh units, up 19.04 per cent, which was also a record. The previous highest of 7.25 lakh units was achieved in May this year.

Sales of commercial vehicles jumped by 28.12 per cent to 52,030 units.

Mathur said with sales continuing to be robust, SIAM expects the industry to exceed its predictions made earlier this year.

SIAM had forecast that passenger vehicles sales to grow around 13 per cent this fiscal, which is now witnessing a growth of around 30 per cent.

“Similarly, utility vehicles are growing at around 17 per cent as against a forecast of 14 per cent,” he said, adding the commercial vehicles segment is also growing at 24 per cent as against a forecast of 19-20 per cent for 2010-11.