December offers fail to cheer auto cos as sales fall up to 50%
Tata Motors’ passenger vehicles sales fell over 50% in December 2012 to 14,185 units compared with 28,916 units a year ago. Sales of the Nano, Indica and Indigo combined were 11,257 units while that of the Sumo, Safari, Aria and Venture together were 2,928 units. The company did not provide a further break-up of the sales figures.
While Maruti Suzuki did not announce sales numbers till late evening, Hyundai Motor India saw its domestic car sales fall by 10% to 26,697 units in December 2012 against 29,516 units in the corresponding month last year.
Toyota Kirloskar Motor’s domestic car sales fell 24% for December. It sold 12,071 units in December 2012 compared with 15,948 units in the corresponding month in 2011.
GM India, on the other hand, saw its domestic car sales decline by 22% to 7,067 units in December, 2012 over 9,039 units sold in the same month of 2011. In a statement, GM said the fall was despite it running offers on sales.
“The market continues to remain depressed on account of various negative factors, including high interest rates and poor economic conditions,” said P Balendran, vice-president, GM India.
Automobile makers are now pinning hope on the forthcoming Union Budget for some corrective measures to
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