No festive season hangover in Nov, car sales dip 8.25%
per cent, which falls within the forecast of 1-3 per cent for the fiscal. "...but for the two-wheelers that ( sales growth forecast for FY'13) was at 4.05 per cent for the period, is lower than 5-7 per cent for the fiscal. Therefore, we may have to revise it," Mathur said.
He said the overall slow economic growth of the country and consumers becoming insecure about their jobs has compounded problems and has hit the entry level small car segment.
During the month, market leader Maruti Suzuki's sales rose by 2.35 per cent to 74,793 units. Rival Hyundai Motor India's sales, however, decreased marginally to 34,698 units.
Homegrown auto major Tata Motors' car sales were down by 42.49 per cent at 13,538 units.
In the two-wheeler segment, total sales in November, 2012 rose by 1.23 per cent to 11,75,429 units from 11,61,176 in November, 2011.
Motorcycle sales last month went up marginally to 8,67,518 units from 8,67,088 units in the year-ago month.
In the motorcycle segment, market leader Hero MotoCorp posted 8.31 per cent fall in sales to 4,43,308 units in November. Rival Bajaj Auto's sales went down marginally to 2,27,186 units.
However, Honda Motorcycle & Scooter India (HMSI) posted 37.36 per cent increase in sales to 99,062 units, while TVS Motor despatched 50,700 units, 14.29 per cent more than the same month of the previous year.
The scooter segment's overall sales grew by 6.64 per cent to 2,44,392 units from 2,29,173 units.
HMSI's scooter sales fell by 6.34
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