Mixed bag for motown
Aug 01 2014 , Pune
Maruti, Honda, Ford log sales growth but Hyundai, Tata Motors, M&M slip
Tata Motors, Hyundai Motor India and Mahindra and Mahindra all reported lower sales as did Toyota Kirloskar Motor and General Motors India. The industry is now banking on the forthcoming festival season to improve consumer sentiments.
July sales of Maruti Suzuki India rose by 21.7 per cent to 1,01,380 units from 83,299 in the year-ago month. Domestic sales increased by 19.9 per cent and exports 38.4 per cent.
The small car segment that includes Alto, A-Star and WagonR declined 14.4 per cent year-on-year to 28,759 units from 33,587 units. Sales in the compact segment comprising Swift, Estilo and Ritz, rose 81.2 per cent to 25,156 units.
Honda Cars India showed 40 per cent jump in sales at 15,709 units from 11,223 units in the year-ago period. The automaker which sells a range of products including the Brio, Amaze, Mobilio, City and CR-V, also exported 858 units during July.
Sales at Ford India increased 24 per cent to 15,282 units from 12,338 units in the year-ago period.
Hyundai Motor India saw a 1.42 per cent decline in sales at 48,010 units, down from 48,704 units last July. But Hyundai sold 12.69 per cent more cars in the domestic market at 29,260 units.
Rakesh Srivastava, senior vice-president for sales and marketing at Hyundai Motor India, said: “The demand pull created by successful product launches and strong channel spread has brought down discounts and the green shoots of growth are visible with the stabilisation of the macro-economic factors and near-to-average monsoon,” he said.
Sales at Toyota Kirloskar Motor fell 4.30 per cent to 13,847 units. It sold 11,921 units in the domestic market, an increase of 3.52 per cent, and exported 1,926 units of Etios.
At General Motors India, sales fell 27.32 per cent to 4,726 units. The July sales included 1,563 units of Beat, 1,222 units of Tavera and 812 units of Chevrolet Enjoy.
Sales at Tata Motors (including exports) declined 23 per cent to 39,623 units from 51,549 units it sold in the same period last year. Domestic sales fell 25 per cent to 35,256 units. Sales of the Nano-Indica-Indigo range fell 22 per cent to 6,703 cars while that of the Sumo-Safari-Aria-Venture range grew 8 per cent to 2,464 units.
M&M sold 5 per cent fewer cars at 35,567 units in July, down from 37,096 units a year ago.
Pravin Shah, chief executive for the automotive division at M&M, said with the monsoon now setting in across the country as well as the ensuing festival season, the company expected positive sentiments in the coming months resulting in enhanced demand.