Business Today

Carmakers witness moderate Jan sales

Auto sales slowed a little in January after five months on the racing tracks. Maruti Suzuki India registered a 14.74 per cent rise in its sales at 1,09,743 units during the first month of 2011 against 95,649 units.

Mail Today Bureau   New Delhi     Last Updated: February 2, 2011  | 12:46 IST

Auto sales slowed a little in January after five months on the racing tracks. The country's largest carmaker, Maruti Suzuki India Ltd (MSIL), registered a 14.74 per cent rise in its sales at 1,09,743 units during the first month of 2011 against 95,649 units during the same period of 2010. The sales include 9,321 units of exports during the month, the company said on Tuesday.

MSIL's A2 compact cars, such as Alto, Wagon-R, Estilo, Swift, A-Star and Ritz witnessed a 23.8 per cent rise in sales, which stood at 72,479 units against 58,540 units in January 2010.

The sales of the company's A3 segment cars like SX4 and Dzire, grew by 32.6 per cent at 11,930 units in January 2011, against 8,995 units sold in December 2010.

However, India's second largest carmaker Hyundai Motor India Ltd (HMIL) reported a 17.7 per cent decline in sales in January, 2011, at 43,316 units, compared to 52,628 units sold in the same month last year.

Hyundai's domestic sales witnessed a growth of 2.4 per cent at 30,306 units against 29,601 units sold last year, while exports saw a 43.5 per cent dip in overseas shipments at 13,010 units in January, 2011, from 23,027 units sold in January 2010, HMIL said.

The firm sold 39,343 units in its A2 segment, which comprises Santro, i10 and i20 models and in the A3 segment (Accent and Verna) sales stood at 3,957 units.

"We expect the domestic market to continue to grow although the rate might come down to low double-digits this year," HMIL director ( marketing and sales) Arvind Saxena said.

Tata Motors posted a 15 per cent growth in its total sales, including exports, of commercial and passenger vehicles in January this year at 75,423 vehicles against 65,478 vehicles sold in January 2010.

It sold 70,475 units in the domestic market, registering a 13 per cent growth over 62,202 units sold in January, 2010.

Mahindra & Mahindra (M& M) posted a 22 per cent growth in its auto sales in January at 36,718 units. Its domestic sales stood at 34,601 units, up by 19 per cent.

"All our brands have done exceptionally well with the Logan having clocked a sale of 1,120 units, which is the highest during the last 28 months. With the launch of the Genio, we hope to further consolidate our position in the pick- up segment," M& M, chief executive officer (automotive division) Rajesh Jejurikar said.

The January sales of Honda Siel Cars India stood at 6,358 units, a jump of 6.3 per cent, while General Motors India registered a growth of six per cent in sales in January, 2011 at 9,984 units.

Two-wheeler makers also posted numbers that mirrored the sentiments in the car segment.

India's largest twowheeler maker Hero Honda reported sales of 4,66,524 units for January, 2011, recording a jump of 19.68 per cent over the same month last year.

Honda Motorcycle & Scooter India (HMSI) posted an 8.89 per cent increase in its overall sales at 1,29,110 units in January 2011, while Yamaha Motor sold 28,597 units during the month - registering a growth of 27.6 per cent.

According to Pawan Goenka, president, Society of Indian Automobile Manufacturers ( SIAM), "The impact of RBI's (Reserve Bank of India) recent hike in key rates will be felt and commodity prices continue to be a concern." He added that the sales growth expectation for the next fiscal is around 15- 18 per cent.

Courtesy: Mail Today 

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