Car sales in November showed signs of revival on the back of new launches.
Car sales in November showed signs of revival on the back of new launches. The top three carmakers — Maruti Suzuki, Hyundai and Honda — fared well, as did others. Utility vehicle maker Mahindra & Mahindra (M&M), after a spurt in volumes last month, saw a decline due to sluggish demand for its utility vehicles.
India’s largest carmaker, Maruti Suzuki, reported a 17% jump in domestic sales to 100,024 vehicles, spurred mainly by the recently launched mid-size sedan Ciaz. However, the impressive sales numbers were somewhat dampened by the company’s nnouncement of a ‘service campaign’ for 3,796 cars to replace part of the clutch operation system.
Hyundai Motor India, the second largest, saw volumes grow for the third straight month to 35,511 vehicles, a rise of 6% compared with the year-ago period. The carmaker piggybacked on the new launches led by the i20 Elite, which since its launch on September 22 this year has clocked over 10,000 units.
Tata Motors delivered its fourth straight jump in volumes on the back of the newly launched entry-level sedan, the Zest. The carmaker sold 12021 passenger vehicles in November, a rise of 15.8% compared with the year-
While Honda Cars recovered in terms of sequential sales volumes, its Japanese counterpart, Toyota Kirloskar, took a cue and showed a jump in November sales. During the month, Toyota sold 12,175 vehicles, a 19.2% jump over the year-ago period.
M&M sold 13,765 vehicles in November in the domestic market, a decline of 17.9% from the year-ago period. M&M had sold 19,254 passenger vehicles in October this year.
On the commercial vehicle front, a firm indicator of the economy, Tata Motors, which enjoys a dominant market share in the segment, saw sales slide. The company saw commercial vehicle volumes decline 5.2% to 25,406 vehicles compared with the year-ago period. On a sequantial basis, the truckmaker saw volumes dip 6.7% to 27,429 vehicles during the month. However, medium and heavy commercial vehicles (M&HCV) continued to be the silver lining as volumes jumped 39% to 9,452 units in November over the year-ago period.
Rival Ashok Leyland, on a smaller base, delivered a 44% jump in volumes to 7,732 vehicles.