Car sales subdued in Apr on high base, polls

The country’s largest passenger vehicle manufacturer, Maruti Suzuki India’s sales in the domestic market was flat at 137,952 units compared with 137,320 during the same month last year. Second-largest PV manufacturer Hyundai Motor India also saw domestic sales grow by a mere 1 per cent at 50,201 units. Tata Motors reported a 2 per cent increase in total domestic PV sales, including electric vehicles at 47,883 units.

“We have started on a very high base this year…Right now. the country is going through elections and there is a model code of conduct… During the elections the markets are a little muted.

“Once elections are over, I think we will be seeing a different market,” Maruti Suzuki’s senior executive officer, marketing & sales Partho Banerjee said.

Hyundai Motor India chief operating officer (COO) Tarun Garg said the PV industry’s growth seen in April was a reflection of what was estimated in beginning of 2024 of about an overall low single-digit growth. “It is more because of the high base effect of the last two years and not necessarily a slowdown,” he said, adding that the inquiry levels and booking were at similar levels to the last year.

With the improvement in the supply chain, the overall order book of the industry has reduced, Garg said.

The prediction of a normal monsoon augurs well, especially from a rural sales perspective, which has also been accelerated by the rapid development in road infrastructure and rising aspirations of the consumers there, he added.

On the other hand, Toyota Kirloskar Motor said its total wholesales increased 32 per cent year-on-year to 20,494 units. “We believe that this stable performance underlines a strong foundation for another positive year,” Toyota Kirloskar Motor vice-president, sales-service-used car business Sabari Manohar said.

MG Motor India said its retail sales declined 1.45 per cent  to 4,485 units.

In the two-wheeler segment, TVS Motor Company reported 29 per cent growth in the domestic market at 301,449 units.

Hero MotoCorp reported a 33 per cent growth at 513,296 units, while mid-sized motorcycle maker Royal Enfield reported a 9 per cent growth in domestic sales at 75,038 units.  FE

Curated For You

Shashi Tharoor invited to Putin dinner at Rashtrapati Bhavan, Rahul Gandhi and Kharge not

IndiGo Flights Cancellation LIVE Updates: Delhi airport says flight ops on way to normal as airline expects fewer than 1,000 cancellations today

Kalamkaval Movie Review, Collection Live Updates: Fans praise Mammootty’s performance; film eyes Rs 5 cr opening