Weak sentiments keep July car sales subdued

Sales of two-wheelers (domestic and exports) were higher, growing by 5.8 per cent to 12,05,638 units.

By: ENS Economic Bureau | New Delhi | Published: July 2, 2015 12:51 am

Sales of passenger vehicles continued to remain subdued on back of weak consumer sentiments in the domestic market. Six of the country’s leading passenger vehicle makers who reported data on Wednesday posted a combined growth of 2.4 per cent to sell 1,93,931 units in June.

Sales of two-wheelers (domestic and exports) were higher, growing by 5.8 per cent to 12,05,638 units.

Sales in the passenger vehicle segment were dragged down by Mahindra & Mahindra (M&M) and Toyota Kirloskar Motors (TKM) which recorded a dip of 14.8 per cent (at 15,880 units) and 12.9 per cent (at 10,464 units) respectively.

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TKM said sales were low as the company’s production was limited due to planned annual maintenance between May 29 and June 6.

The country’s largest car maker Maruti Suzuki registered a marginal increase of 1.6 per cent at 1,02,626 units.

While sales in the compact segment comprising Swift, Estilo, Ritz, Dzire rose 24.4 per cent to 45,701 units in June this year as against 36,741 units last year; demand for mini segment cars, including Alto and WagonR, declined 27.9 per cent to 34,336 units compared with 47,618 units in the year-ago period.

Korean rival Hyundai grew numbers by 8.3 per cent at 36300 units. Honda Cars India reported a 12.7 per cent increase in its domestic sales at 18,380 units in June.

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