TT Epaper
The Telegraph
TT Photogallery
 
CIMA Gallary

Car sales in June on track

New Delhi, July 1: Car makers continued to drive down the recovery road as they reported higher sales for the second month running in June, while last fiscal’s sales dip recedes in the distance.

Maruti Suzuki India, Hyundai India, Honda Cars India Limited, Toyota and Ford reported strong growth, while General Motors India and Tata Motors registered a decline in their domestic sales during the month.

The country’s largest car maker Maruti said sales rose 31 per cent in June to 1,00,964 units from 77,002 units in June 2013. Growth was on the back of a rise in sales of its mini-cars, including M800, Alto, A-Star and WagonR, which jumped 52.1 per cent to 47,618 units from 31,314 units in the same month last year.

Sales in the compact segment, comprising Swift, Estilo, Ritz, rose 6.2 per cent to 22,293 units in June against 20,996 units in the same month a year back.

Hyundai Motor India Ltd reported a 9.5 per cent increase in its domestic sales at 33,514 units last month compared with 30,610 units in June 2013.

“Growth in the domestic sales has been because of the success of the Xcent, Grand and Santa Fe. With the extension of excise duty benefit, we hope to maintain the growth in volume while strengthening our product portfolio and improving channel efficiencies,” HMIL senior vice-president (sales and marketing) Rakesh Srivastava said.

Mahindra & Mahindra’s domestic sales rose marginally at 36,457 units last month against 36,207 a year earlier. “We have achieved a marginal growth in our sales in June 2014 and do hope that the auto industry will continue to stay in a positive zone,” M&M chief executive (automotive division) Pravin Shah said.

The upswing wasn’t visible in General Motors India, which reported a 21.33 per cent decline in sales at 5,172 units last month against 6,575 units a year earlier.

Similarly, Tata Motors’ sales declined 29 per cent in June to 34,743 units from 48,716 units in the same month last year.

Passenger vehicles sales in June were down 33 per cent at 7,911 units against 11,804 units in the year-ago period.

In the two-wheeler segment, Yamaha reported a 14.35 per cent increase in sales at 40,666 units in June against 35,561 units in the same month of the previous year.

Honda Motorcycle & Scooter India reported a 28.29 per cent rise in sales at 3,23,224 units during the month against 2,51,936 units in June 2013.

 
 
" "