Auto Sector Breathes Fresh Air After Festivites, Maruti Sees Positive Sale
Automobile Industries News

Auto Sector Breathes Fresh Air After Festivites, Maruti Sees Positive Sale

Maruti Positive Sale- next big Brand
Pritish raj
Written by Pritish raj
[email protected] | Noida | Published on: November-01-2019 09:36 PM
  • Maruti Suzuki India (MSI), the country’s largest carmaker, reported a 4.5 percent increase in its domestic wholesales at 1,44,277 units in October compared to 1,38,100 units in the same period last year.
  • Bajaj Auto posted a 13 percent drop in domestic sales in the two-wheeler segment at 2,78,776 units compared to 3,19,942 in October last year. Similarly, TVS Motor Company recorded a decline of 25.45 percent in domestic two-wheeler sales of 2.52.684 units compared to 3.38.988 in the year.

On Friday, Indian Auto Sector saw Maruti Suzuki India, Mahindra & Mahindra, and Toyota Kirloskar Motor reported improved October sales driven by festive seasonal demand amid a prolonged slowdown in the industry.

Maruti Suzuki India (MSI), the country’s largest carmaker, reported the positive sale of  4.5 percent in its domestic wholesales at 1,44,277 units in October compared to 1,38,100 units in the same period last year.

This is the first time the company has seen an increase in its domestic sales over the past seven months.

Despite being in the negative territory, Mahindra & Mahindra managed to arrest a sales decline, posting an 11 percent decline last month at 49,193 units compared to 55,350 in October 2018.

In the passenger vehicle segment, which includes utility vehicles, cars, and vans, the company sold 18,460 units last month as compared to 24,066 units in the same month last year, down 23 percent.

In the commercial vehicle segment, the company sold 23,582 units as against 24,353 units in the same month a year ago, down 3 percent.

The company reported a 21% decline in domestic sales at 40,692 units in September.

“The festive month of October was excellent for Mahindra, with retail volumes exceeding wholesale by about 40 percent. Passenger and commercial vehicles contributed to this strong retail performance,” said Veejay Ram Nakra, M&M Chief of Sales and Marketing, Automotive Group.

Similarly, Toyota Kirloskar Motor registered a 6% decrease in domestic sales of 11,866 units compared to 12,606 units last year in the corresponding month.

In September of this year, Toyota Kirloskar reported total sales of 10,203 units.

TKM Deputy Managing Director N Raja commented on the sales performance, saying that customer demand was witnessing a spike in the festive season, especially during Dhanteras and Diwali.

“The increase in customer sentiment has allowed an upward trend in our sales performance compared to the last few months of slowdown. The marked improvement in customer orders due to the festive season has been quite promising to see,” he said.

New entrant MG Motor India announced in October retail sales of its SUV Hector’s 3,536 units.

MG Hector- Next Big Brand

Hector sold 3,536 units.
Source- MG Hector

Bajaj Auto posted a 13 percent drop in domestic sales in the two-wheeler segment at 2,78,776 units compared to 3,19,942 in October last year. Similarly, TVS Motor Company recorded a decline of 25.45 percent in domestic two-wheeler sales of 2.52.684 units compared to 3.38.988 in the year.

Commercial vehicle manufacturer Ashok Leyland reported domestic sales last month of 9,074 units, down 37 percent from 14,341 units in August.

In October, MG Motor India announced retail sales of its SUV Hector’s 3,536 units. The company’s first version, released this year in June, has crossed 38,000 unit bookings, MG Motor India said in a statement.

Upon receiving orders for about 21,000 units, the company had temporarily suspended reservations in July. It reopened reservations with plans on September 29, backed by plans to increase demand.

With Maruti Posting Positive sale and other manufacturers reporting a decrease in loss means festive season turned out to be positive for the Indian automobile industry.

About the author

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career.
Highly enthusiastic about brands and startups, he aims to be a travel content creator.

9113327413 | A-73, Hackerspace, Noida sector- 2 Noida UP 201301

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