Car sales get a slow start

Car sales get a slow start

The first month of the new year continued to be a mixed bag for passenger vehicle manufacturers.

While Tata Motors and Maruti Suzuki registered a decline in sales, Ford India, M&M and Renault India witnessed an uptick in sales.

Maruti Suzuki registered total sales of 1.13 lakh units (including exports) in January 2016, a decline of 2.6 per cent over last year when it sold 1.16 lakh units. Domestic sales would have been higher, but lesser number of working days impacted overall production and dispatch, the company said.

Hyundai Motor India (HMIL) reported 1.23 per cent dip in total sales at 44,230 units in January.The company had sold 44,783 units in the same month last year, HMIL said. In the domestic market, the company sold 38,016 units last month compared with 34,780 units in January 2015, up 9.3 per cent.However, the company's exports declined by 37.87 per cent to 6,214 units as against 10,003 units.

Passenger vehicle sales for Tata Motors in January declined 18 per cent to 10,728 units compared to 13,047 units. The wholesales of passenger cars in January 2016 were lower by 20 per cent at 9350 units compared to 11,637 units in January 2015. Mahindra and Mahindra, Ford India and Renault India, however, managed to buck the downtrend. M&M’s passenger vehicle sales during the month stood at 22,088 units, a growth of 13 per cent over the same month last year when it sold 19,573 units.

As far as Ford India is concerned, the company reported a 41.64 per cent increase in its total sales for January at 12,834 units compared to 9,061 units in the same month last year. The company's domestic sales were up 5.98 per cent at 7,045 units in January 2016 as against 6,647 units in the same period a year ago. Toyota Kirloskar Motor (TKM) reported 33.31 per cent decline in vehicles sales at 9,579 units in January as against 14,364 units in the same month last year.The company sold 8,793 units in the domestic market compared with 12,650 units in the same month last year, down 30.49 per cent, TKM said in a statement.

Renault India registered a growth of 151 per cent with monthly domestic sales of 8,031 units in January 2016, as against 3,203 units in the corresponding month last year.
DH News Service

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)