SAIC Motor auto sales up 15.3% in H1

China's leading automaker SAIC Motor (600104.SH) said late Wednesday that it sold 2,573,537 motor vehicles in the first half of the year, a jump of 15.27% year on year.

In June, the company's monthly auto sales increased 14.4% year on year to 406,855 units, according to SAIC Motor's filing to the Shanghai Stock Exchange.

Meanwhile, the company's major joint ventures all reported sound sales in the first half of the year.

Shanghai Volkswagen, a 50-50 joint venture between SAIC and its German partner Volkswagen, posted a 23.18-percent year-on-year rise in sales in the first half, hitting 784,289 units, with sales in June up 25.2% year on year at 133,045 units.

SAIC's joint venture with General Motors, the Shanghai GM, sold 780,496 units in the first half, up 16.23% year on year. Its auto sales in June came to 127,258 units, a rise of 9.5% from the same period of last year.

SAIC Motor isChina's largest automaker by sales. (Edited by Olivia, olivia@tireworld.com.cn)