Home AUTO Maruti July domestic sales up 1.3%, Hyundai down 2% as auto sector...

Maruti July domestic sales up 1.3%, Hyundai down 2% as auto sector crawl towards recovery – Times of India

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NEW DELHI: The nation’s largest automotive maker Maruti Suzuki India on Saturday reported a 1.3% enhance in domestic passenger car sales in July whereas that of the second largest maker Hyundai Motor India fell by simply 2%, signalling recovery within the sector hit exhausting by COVID-19.
Other producers, Mahindra & Mahindra (M&M) and Toyota Kirloskar Motor (TKM) reported enormous declines of their domestic sales throughout the month.
Maruti Suzuki India stated its domestic sales in July stood at 1,01,307 models as in opposition to 1,00,006 models in July 2019 with sales of mini vehicles comprising Alto and S-Presso leaping 49.1% to 17,258 models in comparison with 11,577 models in the identical month final 12 months.
The firm additional stated its sales of compact vehicles, together with fashions such as Swift, Celerio, Ignis, Baleno and Dzire, nonetheless, declined by 10.4% to 51,529 models as in opposition to 57,512 vehicles in July final 12 months.
On the opposite hand, sales of utility autos, together with Vitara Brezza, S-Cross and Ertiga, elevated 26.3% to 19,177 models as in comparison with 15,178 within the 12 months-in the past month.
MSI’s complete sales have been down 1.1% at 1,08,064 models in July as in comparison with 1,09,264 models in the identical month final 12 months.
Rival Hyundai Motor India Ltd (HMIL) noticed its domestic sales at 38,200 models final month as in opposition to 39,010 models in July 2019, down by 2%. Its complete sales have been down 28% at 41,300 models as in opposition to 57,310 models in the identical month final 12 months.
Commenting on the sales efficiency, HMIL Director (Sales, Marketing & Service) Tarun Garg stated the corporate has been in a position to contribute towards triggering the nation’s financial revival.
“With the changing trend of preference for personal mobility, our consistent efforts are towards fulfilling the customer needs and meeting the market demand,” he stated.
M&M reported a 35% decline in domestic sales at 24,211 models final month in comparison with 37,474 models in July 2019. Its complete sales have been down 36% at 25,678 models as in opposition to 40,142 models in the identical month final 12 months.
“At Mahindra, we are happy to see a growing trend in our overall vehicle sales, buoyed by the continuing revival in demand, primarily in rural and semi urban India,” M&M Ltd Chief Executive Officer, Automotive Division Veejay Ram Nakra stated.
It is encouraging to see that the enquiry and reserving ranges in July are considerably larger in comparison with June, each for utility autos and small business autos, he added.
“As we ramp up production, the biggest challenge is on the supply side and working around these challenges is our top priority,” Nakra stated.
Toyota Kirloskar Motor (TKM) reported a 48.32% decline in domestic car sales to five,386 models in July in comparison with 10,423 models in the identical month final 12 months.
“Despite various challenges, the month of July witnessed better sales in terms of both retail and wholesales when compared to June,” TKM Senior Vice-President, Sales and Service, Naveen Soni stated.
In two-wheeler phase, Hero MotoCorp reported a 3.97% dip in sales to five,14,509 models as in comparison with 5,35,810 models offered in July 2019.
Despite the prevailing financial slowdown on account of the COVID-19 pandemic, the corporate registered a sequential development of 14% over June and reached greater than 95% of wholesale dispatch numbers of the corresponding month within the earlier 12 months, the 2-wheeler main stated.
“The robust volumes have been driven by strong retail sales due to the positive market demand,” it added.
Suzuki Motorcycle India Pvt Ltd (SMIPL), nonetheless, stated its domestic sales have been at 31,421 models final month, as in opposition to 62,366 models in July 2019, down 50%.
“With the unlock phase, the automobile industry is now marching towards normalcy in terms of production, distribution and sales while continuing to adhere to all the precautionary measures. From August 2020, we will try our best to achieve pre-COVID-19 production and sales volume,” SMIPL Managing Director Koichiro Hirao stated
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