Indian car sales post respectable growth in Dec 2014 – Report

Posted on: Jan 2, 2015 - 10:57am IST

Manufacturers skeptical on 2015 sales though. 

Amid fear of increasing prices due to manufacturer-level price hikes, and roll back of excise duty, car sales in India last month posted respectable growth with manufacturers like Maruti Suzuki and Hyundai witnessing a double digit growth.

Mr RS Kalsi, Executive Director, Marketing and Sales, Maruti Suzuki with Mr Kenichi Ayukawa, MD and CEO, Maruti Suzuki at the Alto K10 launch
Models like the Alto K10 were sold out last month.

Market leader Maruti Suzuki sold 98,109 units in the domestic market marking a 13 percent jump year-on-year. Hyundai Motor India Limited (HMIL), the country’s second largest car maker sold 32,504 units which was an increase of 14.7 percent over December 2013.

Other manufacturers (based on those who have announced their sales figures) like Mahindra and Toyota saw sales rise by 5 percent and 10 percent respectively. Mahindra sold 17,311 units while Toyota accounted for 11,740 units. General Motors however saw sales fall by 37 percent to 3,619 units.

Maruti’s products like the Swift, Wagon R and Alto K10 were sold out thanks to discounts and lower waiting period. Hyundai too earlier announced that it had increased production of the Elite i20 to reduce waiting period.

Hyundai Elite i20 Petrol Review
HMIL posted double digit sales growth last month, and saw record sales last year.

Also read: All cars in India need safety features according to Nitin Gadkari

Another factor that increased sales last month was the healthy discount that was offered by most manufacturers to clear inventory. Going forth though, analysts are skeptical about car sales in 2015 as the excise duty has been hiked to the earlier rates, and manufacturers have announced price hikes in the region of 2 to 5 percent.

[Source – Economic Times]

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3 thoughts on “Indian car sales post respectable growth in Dec 2014 – Report

  1. Ramesh Ganesan says:

    The constant question all are pondering is HOW to improve the passenger car demand.. We are known to have the lower per 1000 population car density. Still why people are NOT coming forward to buy affordable cars..

    Reply
  2. Dats says:

    What are the sales figures of Tata Motors?

    Reply
    1. Hello Dats, I’m pasting the full info here for you –

      Media Release

      Tata Motors December sales at 41,734 nos.

      Mumbai, January 02, 2015: Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in December 2014 were 41,734 vehicles, a growth of 10% over 37,836 vehicles, sold in December 2013. The company’s domestic sales of Tata commercial and passenger vehicles for December 2014 were 37,776 nos., a growth of 8% over 35,010 vehicles, sold in December 2013.

      Cumulative sales (including exports) for the company for the fiscal are 362,995 nos., lower by 17% over 435,079 vehicles, sold last year.

      While market continues to remain challenged by macroeconomic trends, segments such as M&HCV showed a 62% growth year-on-year. Other segments such as Passenger Cars continue to show positive growth of 52% and Exports have grown in December 2014 by 40%, over last year.

      Passenger Vehicles

      In December 2014, Tata Motors passenger vehicles recorded sales 12,040 nos., a growth of 30%, compared to 9,272 nos., sold in December 2013.

      The trend of growth in passenger vehicles continued – with the strong Zest and Nano sales. While the sales of the passenger cars in December 2014 were at 9,956 nos., higher by 52%, over December 2013, the UV sales declined by 24% at 2,084 nos., in December 2014.

      Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 92,227 nos., lower by 11% over last year.

      Commercial Vehicles

      The company’s sales of commercial vehicles in December 2014 in the domestic market at 25,736 nos., remained flat. LCV sales were 13,298 nos., a decline of 26% over December 2013, while M&HCV sales continued to show growth at 12,438 nos., which is higher by 62%, over December 2013.

      Cumulative sales of commercial vehicles in the domestic market for the fiscal was 234,142 nos., lower by 21% over last year. Cumulative LCV sales was 145,425 nos., a decline of 32% over last year, while M&HCV sales at 88,717 nos., were higher by 10%, over last year.

      Exports

      The company’s sales from exports were 3,958 nos. in December 2014, grew by 40% compared to 2,826 vehicles in December 2013. The cumulative sales from exports for the fiscal at 36,626 nos., grew marginally by 1%, over last year.

      Reply

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