Automobiles

Automobile sales continue on their growth path (Intro Roundup)

2 Mins read

Domestic sales of automobiles were on the growth path last month (October). Most of the major players in different segments logged growth over the corresponding month of the previous year, and experts confident the trend is expected to continue. However, the lower exports dragged down the overall sales of major players in the passenger car segment.

Passenger cars and two-wheelers sales continue to grow. This is backed by positive customer sentiments and better in-hand cash flows to support their discretionary spending. Overall we should see good growth this year in all the vehicle categories,” said Abdul Majeed, Partner- Price Waterhouse and an auto expert. According to him, medium and heavy commercial vehicles will bounce back once the demand for freight movement picks up.

India’s largest passenger car maker Maruti Suzuki India Ltd said it closed last month selling 133,793 units (domestic 123,764 units, exports 10,029 units) against 134,209 units (domestic 121,063 units, exports 13,146 units) sold during October 2015. The company saw sales decline in its mini (Alto, WagonR), compact (Swift, Ritz, Celerio, Baleno, Dzire), super-compact (Dzire Tour), and van (Omni, Eeco) segments. Still, on the other hand, sales of its utility vehicles (Gypsy, Ertiga, S-Cross, Vitara, Brezza) zoomed to 18,008 units last month, 9,435 units sold in October 2015.

Automobiles

Similarly Hyundai Motor India Ltd said it sold 64,372 units (domestic 50,016 units, exports 14,356 units) in October, up from 61,701 units (domestic 47,105 units, exports 14,686 units) sold during October 2015. With a highest-ever domestic volume of 50,016 units, Hyundai registered record cumulative sales of 64,372 units in October 2016. Hyundai achieved the highest and fastest domestic sales of 50,000 units mark within 15 months from the earlier milestone of 40,000 units,” MD and CEO Y.K.Koo was quoted as saying in the statement.

Nissan Motor India reported domestic sales of 6,108 vehicles versus 3,246 units sold in October 2015. On its part, Tata Motors Ltd said it sold 16,311 passenger vehicles, up from 12,747 units sold during October 2015. Tata Motors closed last month with a total sales of 52,813 units against 43,486 units sold during the corresponding period of the previous year. A smaller player in the Indian car market, Volkswagen Passenger Cars India, sold 5,534 units last month compared to 3,255 units in the previous year.

In the two-wheeler segment, high-capacity motorbike maker Eicher Motors Ltd increased its sales volumes by 33 percent to 59,127 units compared to 44,522 units sold during October 2015. The bulk of the sales for Eicher Motors came from two-wheelers with engine capacity up to 350 ccs (55,188 units), while vehicles with more than 350cc engine capacity accounted for 3,939 units sold last month. Commercial vehicles major Ashok Leyland sold 12,533 units, up from 9,803 units sold in October 2015. The other major commercial vehicle player Tata Motors logged 15 percent growth selling 30,169 units last month.

READ ALSO : 

660 posts

About author
Spent 2001-2004 buying and selling robots in Bethesda, MD. Spent several months working with tinker toys in the UK. Won several awards for selling teddy bears on Wall Street. In 2009 I was developing strategies for sausage in Prescott, AZ. Once had a dream of supervising the production of corncob pipes for no pay. At the moment I'm creating marketing channels for magma for the government. Communicator. Beer lover. Social media advocate. Travel guru. Pop culture evangelist. Entrepreneur.
Articles
Related posts
Automobiles

How to Get a Used Car Loan in Bengaluru

2 Mins read
The pre-owned car market in India has been growing thanks to the aspirational value of cars coupled with the easy availability of…
Automobiles

Five Essential Questions to Ask Your Used Car Dealer

2 Mins read
Buying a used car from a used car dealership can be quite an intimidating decision. As it is a significant financial commitment,…
Automobiles

How to Buy a Used Car: 5 Tips by Experts

2 Mins read
Buying a car is an expensive investment that has to be well-thought before making. It is one of the expenses that bring…

Subscribe to our mailing list to receives daily updates direct to your inbox!