Hit by floods in Kerala and heavy rains in other parts of the country, country’s two largest passenger car makers Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) have reported year-on-year (YoY) decline, in domestic sales in August.
While MSIL reported a decline of around 4 per cent to around 1.46 lakh units (compared with 1.51 lakh units), HMIL reported a decline of around 3 per cent YoY to 45,801 units (against 47,103 units) in August.
Honda Cars India also reported decline in sales to 17,020 units during the month, down 2 per cent as compared with 17,365 units in August 2017.
However, other companies including home-grown Mahindra & Mahindra and Tata Motors have reported positive numbers in August, as demand for their utility vehicles continued during the month.
“Due to heavy rains across the country and floods in Kerala, the consumer sentiment was muted. Despite a challenging month, we have recorded a growth of 28 per cent YoY. The demand for our new generation vehicles has helped us maintain this consistent month on month growth,” Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said.
Toyota Kirloskar Motor also registered a double digit (17 per cent) growth to 14,100 units in its domestic sales during the month as compared with 12,017 units in corresponding month last year.
In the two-wheeler segment, TVS Motor sold around 2.76 lakh units in August, 2 per cent jump as compared with around 2.70 lakh units in August last year. Royal Enfield also reported 2 per cent growth at 68,014 units in August versus 66,872 units in August last year.
Suzuki Motorcycle India said it has reported the highest-ever monthly sales of 62,446 units in August, 31 per cent up as compared with 47,745 units in last August.
In the commercial vehicle segment, most of them have reported double digit growth including Ashok Leyland, Tata Motors and Mahindra & Mahindra.