Ford, Honda buck the trend of falling car sales

Automobile companies have reported declining sales in the month of January 2014 with an exception from a couple of companies like Ford India and Honda Cars.

Maruti Suzuki India (MSI) on Saturday reported 10.3 per cent decline in total sales in January at 1,02,416 units as against 1,14,205 units in the same month last year.  Its domestic sales declined by 6.3 per cent during the month under review to 96,569 units as against 1,03,026 units in January, 2013, an official statement said.

Tata Motors too reported a 34 percent fall in total vehicle sales to 40,481 units in January as against 61,660 vehicles sold in the same month last year, the company said. 

Domestic passenger vehicle sales dropped to 10,974 units, down from 15,209 units a year earlier. Its commercial vehicle sales declined 40 per cent to 25,683 units from 42,571 units in the corresponding month of the previous year. 

Mahindra & Mahindra (M&M) reported 13.77 per cent decline in total sales at 42,685 units in January 2014 as against 49,503 units in January 2013, the company said.

Toyota Kirloskar Motor reported 18.14 per cent decline in domestic sales at 10,910 units in January 2014 as against 13,329 units in January 2013. 

Ford, Honda sales up    However, Ford India bucked the trend with 49.45 percent increase in total sales at 10,634 units in January 2014, the company said.

Honda Cars India posted nearly three-fold rise in domestic sales at 15,714 units in January, 2014 as compared with 5,451 units in January 2013.