Tata Motors, Mahindra report strong sales in August; Maruti, Hyundai lag
Maruti’s domestic sales fell 2.8% to 1,47,700 units in August as against 1,52,000 units in the year ago period on the back of losses due to Kerala floods
New Delhi: Automobile majors Maruti Suzuki India and Hyundai Saturday reported fall in domestic passenger vehicles sales in August, with floods in Kerala affecting demand for automobiles, although homegrown firms Tata Motors and Mahindra & Mahindra saw healthy growth.
Maruti Suzuki India said its domestic passenger vehicle (PV) sales were down 2.8% at 1,47,700 units last month as against 1,52,000 units in the year ago month. While the company’s sales of mini cars comprising Alto and WagonR were at 35,895 units as compared to 35,428 units in August last year, up 1.3%, the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, were down 3.6% at 71,364 units as against 74,012 units in August last year.
Sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, were down 16.2% at 17,971 units in August as compared to 21,442 units in the year-ago month, MSI said.
Rival Hyundai Motor India Limited (HMIL) also saw its domestic sales fall 2.8% at 45,801 units in August as against 47,103 in August 2017.
Tata Motors, however, said its domestic passenger vehicle (PV) sales were up 28% to 18,420 units compared to 14,340 units last year. “Due to heavy rains across the country and floods in Kerala, the consumer sentiment was muted,” Tata Motors president, Passenger Vehicles Business Unit, Mayank Pareek said.
Mahindra & Mahindra said its sales in the domestic market was at 45,373 units last month, up 15%, as compared to 39,615 units in August 2017. “The auto industry remained subdued in August with low sentiments due to some external factors,” M&M president Automotive Sector Rajan Wadhera said.
Ford India also reported 3.40% increase in domestic sales in August to 8,042 units as against 7,777 units in August last year.
Similarly, Honda Cars India Limited (HCIL) posted monthly domestic sales of 17,020 units in August 2018. “There was an impact of Kerala floods and heavy rains in many parts of the country combined with GST related high base effect of August 2017,” HCIL senior vice president and director, marketing and sales Rajesh Goel said.
In the two-wheeler segment, TVS Motor Company reported 2% increase in its domestic sales to 2,75,688 units in August from 2,70,544 units sold in the same month last year.
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