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Excise cuts push sales of top car makers in Feb

Mar 02 2014, 01:01 IST
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Leading car makers Maruti Suzuki India and Hyundai Motor India recovered some ground in February. Reuters Leading car makers Maruti Suzuki India and Hyundai Motor India recovered some ground in February. Reuters
SummaryLeading car makers Maruti Suzuki India and Hyundai Motor India recovered some ground in February...

its segment from the first month itself. The deliveries for the petrol City have begun from February and with both our car manufacturing plants in operation, it will aid in quick delivery of cars and cater to the strong demand from our customers. The excise duty reduction has made all our cars even more attractively priced for our customers,” said Jnaneswar Sen, senior vice-president (sales and marketing), Honda Cars India.

Similarly, Ford India also posted a 51% rise in domestic sales at 6,799 vehicles in February 2014 as against the same period the previous year. “The recent reduction in excise duty should send out a positive message to customers and encourage them to make the most of the outstanding value being offered on our fuel efficient products,” said Vinay Piparsania, executive director of marketing (sales and service).

Toyota Kirloskar Motor (TKM) reported 20.82% fall in its domestic sales at 10,100 units in February, 2014. “The excise duty cut is a welcome step taken by the government to revive sales. However, other factors like high interest rates, falling value of rupee and unstable fuel pricing still loom large on the market,” TKM senior vice-president (sales and marketing) N Raja said.

Two-wheeler maker TVS Motor Company’s domestic two-wheeler sales rose 3.4% to 1,47,580 vehicles in February compared with the same month last year.

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