Car sales in August in India were a mixed bag with some automakers reporting double digit growth while others showing decline in sales during the month.
Car sales in August in India were a mixed bag with some automakers reporting double digit growth while others showing decline in sales during the month. Maruti Suzuki, India’s biggest car maker by sales, Hyundai Motor, the second largest car maker by sales, Honda Cars, Tata Motors and Mahindra & Mahindra reported growth, but sales fell at Toyota Kirloskar Motor, Ford and Volkswagen last month.
Sales at Maruti Suzuki, which sells one out of two cars bought in the country, jumped 26.2 per cent to 151,270 units, up from 119,906 units it sold in the same month last year.
Sales were driven by its compact car segment, especially the new-generation Maruti Suzuki Dzire and the Baleno, as well as Swift hatch, Celerio, Ignis, and the Dzire Tour S, which soared 62.4 per cent to 74,012 units in August, up from 45,579 units it sold in the corresponding month last year.
Hyundai Motor reported a 9 per cent increase in domestic sales at 47,103 units in August, up from 43,201 units it sold last year. “The August sales were boosted by strong response to the newly launched Verna that received more than 7,000 bookings within 10 days of launch,” Rakesh Srivastava, director, sales and marketing at Hyundai Motor India said.
He said the market faced challenges from floods in many states and also speculations on the GST cess increase.
Two-wheeler sales also accelerated
Sales at two-wheeler makers have seen a recovery during August post GST and some companies have even grown by a huge margin. Sales at Hero MotoCorp, India’s largest two-wheeler maker by sales, increased 10 per cent at 678,797 units last month, up from 616,424 units it sold last year. It has maintained a consistent trend of six-lakh-plus sales for the fourth consecutive month.
Sales at Honda Motorcycle & Scooter India, country’s second biggest two-wheeler maker by sales, jumped 26 per cent to 622,180 units, up from 492,368 units in August 2016, creating a new record ahead of the festive season, breaching 6 lakh sales mark in a single month for the first time. “We are seeing increased footfalls at dealerships and are fully equipped to cater to the high demand during the festive period,” Yadvinder Singh Guleria, senior VP, sales and marketing at Honda Motorcycle & Scooter India said.