Mixed Bag for Indian Automobile Companies During July Car Sales

Carmakers in India expressed a mixed bag of reactions towards sales in July. While a majority of manufacturers posted robust sales figures for the month, a few - including market leader Maruti Suzuki, surprisingly clocked a decline in car sales.

Maruti Suzuki India reported a marginal decline in sales at 1,64,369 units in July. The company had sold 1,65,346 units in July last year.

Domestic sales were up marginally at 1,54,150 units last month, against 1,54,001 units in the year ago month. However, exports in July were down by 9.9% at 10,219 units, against 11,345 units in the corresponding month last year.

In comparison, the country’s second largest carmaker Hyundai Motor India reported a 7.7% increase in total sales at 59,590 units in July. The company had sold 55,315 units in July last year. Domestic sales rose 1.1% to 43,481 units last month, compared with 43,007 units in July 2017, while exports grew 31% in July to 16,109 units, against 12,308 units in the year-ago month.

Homegrown Tata Motors recorded a strong growth of 21% in July, with its sales in the domestic market growing by 21% at 51,896 units, compared to 42,775 units over the previous year. 

Toyota Kirloskar Motor sold a total of 13,677 units in the domestic market during July 2018. The company has been able to register a double-digit growth of 36% in June-July 2018, compared to the same period in 2017.

Mahindra and Mahindra reported 13% increase in total sales at 47,199 units in July, having sold 41,819 units in the same month of the previous year.

Source: Agencies