Report – Car and two-wheeler sales improve for 4th consecutive month
Posted on: Sep 4, 2014 - 6:20pm IST
Bucking the trend, GM reported a 37 percent decline.
August continued to be another positive month for the Indian auto industry with many manufacturers posting a growth in sales.
Market leader Maruti Suzuki continued its upward trend with a 29 percent growth in sales from 76,018 units in August 2013 to 98,304 units this year. Hyundai Motor India, Maruti’s closest rival, saw its sales rising from 28,311 units last August to 33,750 units this year, aided no doubt by the recent launch of the Hyundai Elite i20.
Honda Cars India continued its dream run with an 88 percent surge in sales for August 2014 compared to the corresponding month in 2013. Despite ceasing production of the Honda City, Honda’s sales of 16,758 units compared to 8,913 units last month was driven largely by the Honda Amaze and the recently launched Honda Mobilio. Albeit from a lower base, Nissan India saw a 60 percent growth in sales from 2,494 units last August to 3,999 units this August.
Among those who faced negative sales was GM, which continues to slide. August saw GM India posting sales of 4,232 units, a drop of 37 percent, compared to the 6,673 units it had sold last August. Japanese giant Toyota’s sales dipped by 5 percent, from 12,007 units in August 2013 to 11,215 units this year.
Ford also saw its sales plunge by 15 percent, with numbers for August 2014 standing at 6,801 compared to the 8,008 last August. Local players Mahindra & Mahindra and Tata Motors also saw sales drop by 11 percent and 5 percent respectively. Tata Motors have already confirmed 10,000+ bookings for the recently launched Tata Zest and this should reflect on the upcoming months’ numbers.
As for two-wheelers, market leader Hero Motocorp posted a 21 percent growth selling 5,58,609 units this August. HMSI sold 3,71,060 units, climbing 27 percent. TVS Motors also posted a 27 percent growth, selling 2,17,662 units.
[Source – The Economic Times]