Backbencher
BANNED
- Joined
- Oct 25, 2011
- Messages
- 2,291
- Reaction score
- -1
- Country
- Location
Maruti, Hyundai,
Mahindra see growth
in domestic sales in
January
New Delhi : Car market leader
Maruti Suzuki, rivals Hyundai
Motor and Mahindra & Mahindra
showed rays of hope, posting
growth in their domestic sales in
January despite the automobile
industry continuing its rough ride.
Tata Motors, Toyota Kirloskar,
General Motors and Ford India
began the year 2013 on a negative
note as their sales declined in
January, giving credence to calls
from the players for support from
the government in the forthcoming
Budget.
In January this year, the country's
largest car maker Maruti Suzuki
India recorded domestic sales of
1,03,026 units compared to
1,01,047 units in the year-ago
period, registering a rise of 1.96
per cent.
The country's second-largest car
maker Hyundai Motor India Ltd
(HMIL) recorded an increase of
1.19 per cent in sales at 34,302
units compared to 33,900 units in
the year-ago period.
"The market was subdued on
account of macro-economic
factors. For Hyundai the year has
started on a positive note with
growth in its domestic and export
sales... Marketing initiatives in
rural markets are bringing volume
growth," HMIL vice president (sales
and marketing) Rakesh Srivastava
said.
Auto-maker Mahindra & Mahindra
reported total sales of passenger
vehicles including Scorpio,
XUV500, Xylo, Bolero and Verito,
stood at 26,555 units for the
domestic market as against 19,975
units in January 2012, translating
into 32.94 per cent increase.
"We are happy to have grown in
some of our major segments
during January 2013... The
recently announced reduction of 25
BPS both in the repo and CRR
rates is a positive step and is
expected to bring in the much
desired momentum in the market,"
M&M chief executive (automotive
division) Pravin Shah said.
Honda Cars India reported an over
three-fold increase in its domestic
sales for January 2013 at 5,451
units. It had sold 1,784 units in
the same month last year.
Tata Motors' total passenger
vehicle sales in the domestic
market stood at 15,209 units in
January, down 56.13 per cent from
34,669 units in the same month
last year.
Toyota Kirloskar Motor also
reported 23.37 per cent decrease
in its domestic car sales at 13,329
units in January 2013. It had sold
17,395 units in the same month
last year.
Commenting on numbers, Toyota
Kirloskar Motor deputy managing
director and COO (marketing and
commercial) Sandeep Singh said:
"The market is still witnessing a
slowdown, especially the
passenger car segment. The
prospects for the second half of
2013 look better. The repo rate cut
is a welcome step."
With the budget round the corner,
we are looking for some more
measures that will bring about
positive growth, he added.
General Motors India reported 7.92
per cent decline in its sales at
7,588 units last month. It had sold
8,241 units in the same month of
2012.
"The market continues to remain
depressed for the automobile
sector because of various negative
factors, including high interest
rates and poor economic
conditions.
Passenger car segment in January
this year is down by 13 per cent
compared to January 2012," GM
India vice president P Balendran
said.
If the current macro-economic
uncertainties continue, the market
is not expected to turn around in
the short-term, he added.
"Although there is a positive
direction with a small interest cut
by the RBI, the market is expected
to improve only in the second
quarter, that too if we get a
growth-oriented Budget," Mr
Balendran said.
Car maker Ford India's domestic
sales went down by 33.65 per cent
to 6,062 units in January this year
as against 9,137 units in the same
month last year.
Commenting on the sales
performance, Ford India executive
director (marketing, sales and
service) Vinay Piparsania said, "To
offset the prevailing tough
conditions and introduce buoyancy
into the market, we hope the
government will introduce
regulatory policies that are
conducive to the growth of the
automotive industry."
The reduction in differential
between diesel and petrol prices
and the recent RBI's decision to
cut repo rate are progressive steps
and should continue, he added.
Another car maker Renault India
reported over five-fold jump in
sales at 4,914 units. It had sold a
total of 885 vehicles during
January 2012.
Maruti, Hyundai, Mahindra see growth in domestic sales in January - NDTVProfit.com
Mahindra see growth
in domestic sales in
January
New Delhi : Car market leader
Maruti Suzuki, rivals Hyundai
Motor and Mahindra & Mahindra
showed rays of hope, posting
growth in their domestic sales in
January despite the automobile
industry continuing its rough ride.
Tata Motors, Toyota Kirloskar,
General Motors and Ford India
began the year 2013 on a negative
note as their sales declined in
January, giving credence to calls
from the players for support from
the government in the forthcoming
Budget.
In January this year, the country's
largest car maker Maruti Suzuki
India recorded domestic sales of
1,03,026 units compared to
1,01,047 units in the year-ago
period, registering a rise of 1.96
per cent.
The country's second-largest car
maker Hyundai Motor India Ltd
(HMIL) recorded an increase of
1.19 per cent in sales at 34,302
units compared to 33,900 units in
the year-ago period.
"The market was subdued on
account of macro-economic
factors. For Hyundai the year has
started on a positive note with
growth in its domestic and export
sales... Marketing initiatives in
rural markets are bringing volume
growth," HMIL vice president (sales
and marketing) Rakesh Srivastava
said.
Auto-maker Mahindra & Mahindra
reported total sales of passenger
vehicles including Scorpio,
XUV500, Xylo, Bolero and Verito,
stood at 26,555 units for the
domestic market as against 19,975
units in January 2012, translating
into 32.94 per cent increase.
"We are happy to have grown in
some of our major segments
during January 2013... The
recently announced reduction of 25
BPS both in the repo and CRR
rates is a positive step and is
expected to bring in the much
desired momentum in the market,"
M&M chief executive (automotive
division) Pravin Shah said.
Honda Cars India reported an over
three-fold increase in its domestic
sales for January 2013 at 5,451
units. It had sold 1,784 units in
the same month last year.
Tata Motors' total passenger
vehicle sales in the domestic
market stood at 15,209 units in
January, down 56.13 per cent from
34,669 units in the same month
last year.
Toyota Kirloskar Motor also
reported 23.37 per cent decrease
in its domestic car sales at 13,329
units in January 2013. It had sold
17,395 units in the same month
last year.
Commenting on numbers, Toyota
Kirloskar Motor deputy managing
director and COO (marketing and
commercial) Sandeep Singh said:
"The market is still witnessing a
slowdown, especially the
passenger car segment. The
prospects for the second half of
2013 look better. The repo rate cut
is a welcome step."
With the budget round the corner,
we are looking for some more
measures that will bring about
positive growth, he added.
General Motors India reported 7.92
per cent decline in its sales at
7,588 units last month. It had sold
8,241 units in the same month of
2012.
"The market continues to remain
depressed for the automobile
sector because of various negative
factors, including high interest
rates and poor economic
conditions.
Passenger car segment in January
this year is down by 13 per cent
compared to January 2012," GM
India vice president P Balendran
said.
If the current macro-economic
uncertainties continue, the market
is not expected to turn around in
the short-term, he added.
"Although there is a positive
direction with a small interest cut
by the RBI, the market is expected
to improve only in the second
quarter, that too if we get a
growth-oriented Budget," Mr
Balendran said.
Car maker Ford India's domestic
sales went down by 33.65 per cent
to 6,062 units in January this year
as against 9,137 units in the same
month last year.
Commenting on the sales
performance, Ford India executive
director (marketing, sales and
service) Vinay Piparsania said, "To
offset the prevailing tough
conditions and introduce buoyancy
into the market, we hope the
government will introduce
regulatory policies that are
conducive to the growth of the
automotive industry."
The reduction in differential
between diesel and petrol prices
and the recent RBI's decision to
cut repo rate are progressive steps
and should continue, he added.
Another car maker Renault India
reported over five-fold jump in
sales at 4,914 units. It had sold a
total of 885 vehicles during
January 2012.
Maruti, Hyundai, Mahindra see growth in domestic sales in January - NDTVProfit.com
