Cheap loans and new small car models are driving the sales of auto maker’s even months like June which is usually a slow month for car sales.
Another reason for the hike in sales is due to the impending price hikes by automobile manufacturers which have caused some advance buying. Car makers are also pushing sales in a drive to clear out inventories from the previous months.
According to analysts this increase in car sales will be controlled in the next couple of months due to the increase in the fuel prices and the impending threat of diesel decontrol is in the air.
Abandoning all worries customers are flocking to showrooms this June. Sales have grown for Maruti, the market leader in India by 17.35 to 88,091 units even with a shut down in their plant due to annual maintenance. However Maruti has shown a decline in sales when compared to the last month’s sales of 102,175 units and close to 13,000 lesser cars being sold when compared to last year in the month of June.
The sales in the A2 segment has shown a increase from 46,156 units to 51,418 units with a growth of 11.4% and Maruti’s brands Eeco and Omni together have also reported an increase in sales from 6,890 units to 9.914 units in the sales volume and a percentage increase of 44 per cent. However the sale of M800 has shown a decline from 2,438 units to 2,090 units.
Tata Motors last month managed to beat Hyundai Motors India and rose up the ranks to become the second largest car maker in the country. They have a total volume sales of 27,811 units when compares to Hyundai’s 27,366 units. The success of Tata Motor’s increase in sales can be attributed to the extraordinary off take of Nano sales in June which was 7,704 units when compared to 3,550 units in May. It recorded an average of 3,000 units in previous months. Indigo sales have shown and increase in the volumes to 7502 units which is 113% growth rate whereas the sales of Indica fell by 12% to 9,003 units.
Exports from Hyundai have dropped by 22% to 18,888 units when compared to 24,250 units in May and this was mainly due to the lack of incentives in the European markets. However they have shown a growth of 19% in their domestic sales with increase in volumes from 23,016 units in May to 27,366 units in June.
Even India’s largest utility vehicle manufacturer, Mahindra & Mahindra has shown an increase in its sales despite the week long half of production in its plant due to maintenance.
Another company that has shown remarkable increase in its sales is Ford India, which can be attributed to its brand Figo. Ford India reported a sale of 7,269 units when compared to 1,982 units in May.
As a result of this increase in demand Ford India is already in the process of commencing second production shifts at its plant in Chennai. However Honda Siel Cars India has shown degrowth of 9% with decrease in sales from 5,048 units in May to 4,595 units in June.
Hero Honda Motors also has shown a tremendous growth in spite of the higher prices at the beginning of this month with increase in sales from 365,734 units to 426,454 units and a percentage increase of 16%. Another two wheeler major, TVS Motors Company, has also shown a growth from 115,448 units to 156,685 units which was a 36% growth.
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