Led by festive season offers and new products, most of the automobile companies in October sold better numbers as compared to same month last year.
Car market leader Maruti Suzuki India (MSIL) sold 97,069 units during the month compared with 96,062 units sold in October 2013.
Hyundai Motor India (HMIL) registered 38,010 units during the month, up 5.6 per cent as against 36,002 units in corresponding month last year.
“Hyundai volumes grew with significant increase in sales of additional and replacement buyers propelled by strong demand lead by new models like Elite i20, Xcent coupled with festival buying,” Rakesh Srivastava, Senior Vice President - Sales and Marketing, HMIL said.
He said the company expects this positive momentum would build up further with increase in sales of entry buyers if there is strong promise of improvement in economic and macro factors in rural and urban markets.
Honda Cars India (HCIL) also by 18 per cent year-on-year (YoY) in its domestic sales with 13,242 units in October as compared with 11,214 units in the corresponding month last year.
“We have clocked excellent sales during the year so far where all our products have received tremendous response. Starting November, the Tapukara plant will start operations in the second shift, thereby, ensuring better availability of the Honda City. This will also see full capacity utilisation of Tapukara plant,” Jnaneswar Sen, Senior Vice President – Marketing and Sales, HCIL, said.
However, majority of the companies could not get better numbers during the month including Ford India, General Motors India, Toyota Kirloskar Motor, Mahindra and Mahindra, Tata Motors and Nissan Motor India.
Ford India sold 6,723 units (versus 9,163 units), GM sold 4,103 units (versus 7,715 units), Nissan sold 4,106 units (versus 4,880) and Toyota sold 12,556 units (versus 13,162 units).
In domestic players, while M&M sold 19,254 units (declining by 16 per cent versus 22,924 units), Tata Motors sold 9,594 units (declining by 12 per cent versus 10,944 units).
In the two-wheeler segment, most of the companies had a positive growth YoY.
Honda Motorcycle and Scooter India sold 3,77,112 units during the month, as compared with 3,75,793 units in October 2013.
While Royal Enfield grew by 47 per cent to 25,510 units during the month (versus 17,306 units), TVS Motor sold 2,04,294 units in October as compared with 1,73,229 units in October 2013.
In the commercial vehicles segment, Volvo Eicher Commercial Vehicles sold 3,052 units in October as compared with 3,001 units in same period last year.
Mahindra and Mahindra sold 14,812 units, down 15 per cent, as against 17,362 units in October 2013. Tata Motors’ commercial vehicle sales were also down by 17 per cent YoY to 27,249 units during October as against 32,793 units in same month last year.