The Indian automotive industry has been going through a lot of changes in the recent past, right from the ban of BS III vehicles to the introduction of GST. Despite them all, car sales continue to be positive for almost all car manufacturers. Let’s take a quick look at where some of them stand
In the month of August 2017, Maruti Suzuki India Ltd sold 1,51,270 units as opposed to 1,19,906 units in the same month last year. The rise in sales means a growth of 26.2 percent for MSIL. Interestingly, compact cars – Swift, Ritz, Celerio, Ignis, Baleno, DZire and the Tour S amount to more than half the overall domestic sales. Exports reduced from 12,280 units in August 2016 to 11,701 units in August 2017, a decrease of 4.7 percent.
Meanwhile, Honda Cars and India Ltd too had a good month recording an overall growth of 25 percent. The company sold 17,365 units in the domestic market in August 2017 and exported another 575 units abroad. In the same month last year, Honda could only manage to sell 13,941 units. Of all the products that the Japanese car maker has on sale, the City topped the sales charts with a score of 5,538 units. The recently launched WR-V came in a close second at 5,200 units.
Domestic sales grew by nine percent for Hyundai in the month of August 2017. The country’s second largest car maker sold 47,103 units in comparison to 43,201 units in August 2016. The company launched their new-generation Verna in the Indian market a few weeks back and it has already received a phenomenal response. The C-segment sedan has already bagged 7,000 bookings in less than a month.
Growing at 6 percent, Mahindra’s passenger vehicle business sold 19,325 units in August 2017. In the corresponding month last year, the company could only sell 18,246 units. From the start of the Financial Year in April up until August, Mahindra sold 96,072 units this year in comparison to 94,962 units last year.
In the month of August 2017, Toyota recorded cumulative sales sold 13,081 units, out of which 12,017 were sold in the domestic market. 1,064 units of the Etios were exported by the Japanese brand. The company’s sales seem to have dropped in August 2017 in comparison to the same month last year. Toyota had sold 12,801 units in the domestic market and exported 1,244 units of the Etios in August 2016.