Auto firms see gross sales revival in August


New Delhi, September 1

The prime two carmakers in India, Maruti Suzuki and Hyundai, led the restoration within the auto market in August with 20.2 per cent and 19.9 per cent improve of their respective home wholesales of passenger autos through the month.

Mahindra & Mahindra (M&M) additionally noticed its home passenger automobile gross sales develop by 1 per cent final month, whereas Toyota Kirloskar Motor witnessed a decline in its passenger automobile gross sales, though there was enchancment over the previous months for the reason that gradual reopening of the financial system.

The nation’s largest carmaker Maruti Suzuki India (MSI) stated its home gross sales elevated by 20.2 per cent to 1,16,704 items final month, as in opposition to 97,061 items in August 2019. 

The firm’s whole gross sales grew by 17.1 per cent, a rise at 1,24,624 items in August as in comparison with 1,06,413 items in August final yr.

MSI’s gross sales of mini vehicles comprising Alto and S-Presso stood at 19,709 items as in comparison with 10,123 items in the identical month final yr, up 94.7 per cent. 

Sales of compact section, together with fashions reminiscent of Swift, Celerio, Ignis, Baleno and Dzire, rose 14.2 per cent to 61,956 items as in opposition to 54,274 vehicles in August final yr.

Similarly, gross sales of utility autos, together with Vitara Brezza, S-Cross and Ertiga, grew by 13.5 per cent to 21,030 items as in comparison with 18,522 items within the year-ago month, the corporate stated.

Second-biggest carmaker Hyundai Motor India posted a 19.9 per cent improve in home wholesales at 45,809 items as in opposition to 38,205 items in August 2019. 

Its whole gross sales had been, nevertheless, down 6.06 per cent at 52,609 items final month as in opposition to 56,005 items in August 2019.

“The company continues humbly to contribute to the recovery of Indian automobile industry by registering domestic sales volume of 45,809 units in August with positive growth of 19.9 per cent on a comparative low base of last year,” HMIL Director (Sales, Marketing and Service) Tarun Garg stated.

Good response to new Creta, Verna, Tucson, NIOS and Aura has resulted on this efficiency and the corporate want to keep on with cautious optimism as uncertainty nonetheless surrounds the pandemic, he added.

M&M’s passenger autos gross sales, together with utility autos (UVs), vehicles and vans, within the home market stood at 13,651 items in August this yr, in opposition to 13,507 items in the identical month final yr, up 1 per cent.

“At Mahindra, we continue to see good recovery in demand both for SUVs and pick-ups in the small commercial vehicles segment,” M&M Automotive Division Chief Executive Officer Veejay Nakra stated.

The firm has been capable of meet the uplift in demand by managing the provision chain challenges and going ahead will proceed to deal with it, he added.

On the opposite hand, Toyota Kirloskar Motor (TKM) stated its gross sales declined by 48 per cent to five,555 items in August. It had bought a complete of 10,701 items in August 2019.

The firm, nevertheless, stated its gross sales in August this yr exceeded volumes in July 2020, when it had bought 5,386 items.

“We began August with a lot of apprehensions due to the skewed rise in COVID positive cases in the Karnataka state and throughout the country. It had a resultant impact on both the demand and supply scenarios,” TKM Senior Vice President – Sales and Service Naveen Soni stated in an announcement.

Fortunately, August witnessed a rise in demand for many fashions, together with buyer enquiries and orders, he added.

New entrant MG Motor India reported a 41.2 per cent improve in retail gross sales at 2,851 items in August as in comparison with 2,018 items in the identical month final yr.

MG Motor India, Director – Sales, Rakesh Sidana stated, “We have ramped up the overall production in August compared to July. We are working on fulfilling existing backorders for the Hector and prioritising vehicle deliveries for the ongoing festive season.”                

The nation’s largest two-wheeler maker Hero MotoCorp reported an 8.52 per cent improve in home gross sales at 5,68,674 items as in opposition to 5,24,003 items in August 2019. 

Its whole gross sales had been up 7.55 per cent final month at 5,84,456 items as in comparison with 5,43,406 earlier.

Royal Enfield reported a 2 per cent decline in home gross sales at 47,571 items in August as in comparison with 48,752 items earlier. 

Its whole gross sales had been down 5 per cent at 50,144 items as in opposition to 52,904 items in the identical month final yr.

Suzuki Motorcycle India Pvt Ltd (SMIPL) stated its home gross sales final month stood at 53,142 items as in comparison with 62,785 items bought in August 2019, a decline of 15.35 per cent.

The firm’s whole gross sales had been down 19.15 per cent at 57,909 items as in comparison with 71,629 items in August final yr. PTI

 



Be the first to comment on "Auto firms see gross sales revival in August"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: