Follow Us:
Wednesday, July 18, 2018

Maruti,Hyundai car sales up in slowdown

Major Indian auto makers reported growth in sales for June,amid tough market conditions.

Written by Agencies | New Delhi | Published: July 2, 2012 8:50:11 pm

Major Indian auto makers like Maruti Suzuki,Hyundai and Hero MotoCorp today reported growth in their monthly sales for June,amid tough market conditions.

However,some other companies such as Bajaj Auto,General Motors,Ford India,Honda Siel Cars and Tata Motors saw their domestic sales decline during the month.

The country’s largest carmaker Maruti Suzuki recorded domestic sales of 83,531 units in June this year compared to 70,020 units in the year-ago period,registering a rise of 19.30 per cent.

Rival Hyundai Motor India’s domestic sales increased marginally to 30,450 units from 30,402 units in June 2011.

“The general inflationary trend,high fuel prices,interest rates that are still high are keeping sentiment low.

Unless any triggers get activated,sentiment is not expected to improve very much,” Hyundai Motor India Director (Marketing and Sales) Arvind Saxena said.

Homegrown auto major Mahindra & Mahindra’s domestic sales stood at 38,951 units during the month against 33,772 units in June 2011,up 15.34 per cent.

Toyota Kirloskar Motor reported a 22.15 per cent increase in car sales at 14,700 units during June,2012,as against 12,034 units in June last year.

Nissan Motor India said its sales for last month increased by over two-fold at 4,167 units. It had witnessed sales of 1,632 units in the corresponding period last year.

“Though the Indian economy and the local automobile market have been going through some difficulty in the recent times,we have witnessed encouraging sales,” Nissan Motor India Managing Director Ishida Takayuki said.

Skoda Auto’s sales in June climbed by 88.62 per cent to 4,923 units as against 2,610 units in the same period of 2011.

“The fluctuating market conditions have dampened sentiment across the industry. The Rapid has been the growth driver and is an important part of our success story,” Skoda Auto India Member of the Board and Director (Sales and Marketing) Thomas Kuehl said.

On the other hand,Tata Motors’ passenger vehicles sales for June were lower by 21.60 per cent to 17,244 units against 21,994 units sold in the same month last year.

In the two-wheeler segment,market leader Hero MotoCorp reported sales of 5,34,091 units in June,registering a growth of 4.26 per cent. It had sold 5,12,244 units in June 2011.

Commenting on its numbers,Hero MotoCorp Senior Vice President (Marketing and Sales) Anil Dua said: “We have been growing consistently and going forward. We are confident of keeping up this momentum. With new product launches and foray into new international markets,we are looking forward to a lot of exciting action in the coming months.”

The demand slump in car market continues to worry other carmakers as well.

General Motors India posted 10.65 per cent decline in its sales at 7,364 units in June. It had sold 8,242 units in the same month of 2011.

“Overall market continues to remain sluggish. With market sentiments continuing to remain depressed,we are not expecting the market to show any remarkable improvement before the festival season,” General Motors India Vice-President P Balendran said.

Another car maker,Ford India’s domestic sales declined by 10.91 per cent to 6,257 units in the reporting month from 7,023 units in the same month last year.

“While the market continues to face difficult challenges,we believe these are only cyclical and remain confident of the long term outlook of the Indian auto industry,” Ford India President and Managing Director Michael Boneham said.

Honda Siel Cars India saw its sales falling by 22.81 per cent to 2,667 units from 3,455 units in June 2011.

“During June 2012,we deliberately held back wholesales to avoid stock build-up at the dealerships. The consumer sentiment is quite low as high petrol prices along with high borrowing costs has impacted the overall demand for cars,” Honda Siel Cars India Senior Vice President (Sales and Marketing) Jnaneswar Sen said.

Car-maker Volkswagen posted a marginal decline in its sales in India at 5,371 units for June as against 5,397 units in the corresponding period last year.

“In the face of the current economic conditions and slowdown in the industry,the Volkswagen Brand has put up good numbers in the month of June. We look forward for the sales to start reviving in the coming months,” Volkswagen Group Sales India Member of Board and Director,Volkswagen Passenger Cars,Neeraj Garg said.

For two-wheeler maker Honda Motorcycle & Scooter India,June turned out to be a good month with 52.32 per cent growth in total sales at 2,26,864 units compared to 1,48,937 units in the corresponding month of 2011.

The country’s second largest two-wheeler maker Bajaj Auto reported 1.38 per cent decline in its motorcycle sales in June at 3,18,377 units. It had sold 3,22,827 units in the corresponding month last year.

Chennai-based TVS Motor Company’s two-wheeler sales fell by 7.39 per cent to 1,65,438 units against 1,78,633 units in June 2011.

Stocks More on Maruti Suzuki

Company INFO More on Tata Motors

For all the latest News Archive News, download Indian Express App