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December discounts push auto sales higher

Author: IANS/Tuesday, January 2, 2018/Categories: Auto & Ancillary

December discounts push auto sales higher

New Delhi/Chennai - Robust domestic demand along with end of season discount offers led to automobile manufacturers reporting healthy sales figures for December.

"Passenger vehicle sales for December has helped end the calendar year on a positive note with sales showing continued buoyancy across domestic and export markets," Sridhar V, Partner, Grant Thornton India, said. 

Passenger car major Maruti Suzuki India's total sales rose 10.3% to 130,066 units from 117,908 units sold during the corresponding month of 2016.

"Maruti Suzuki India Limited, leader in passenger vehicles, sold a total of 130,066 units in December 2017, growing 10.3% over the same period of last fiscal," the auto major said in a statement.

"This includes 119,286 units in domestic market and 10,780 units of exports. The company had sold a total of 117,908 units in December 2016."

Maruti Suzuki's domestic sales edged higher by 12.1% to 119,286 units from 106,414 units, whereas, exports dipped by 6.2%, with 10,780 units that were shipped out during last month, up from 11,494 units sold abroad in December 2016.

Similarly, Hyundai Motor India too reported a healthy growth in its overall sales.

HMIL's total sales including exports for December 2017 total sales rose by 10% to 62,899 units from 57,164 units sold during the corresponding month of 2016. Domestic sales during the month under review increased to 40,158 units from an off-take of 40,057 reported during December 2016.

However, exports reported an exponential growth of 32.9% with 22,741 units being shipped-out during December 2017 from 17,107 units sold abroad during the like period of 2016.

Further, HMIL's domestic sales during calendar year 2017 grew by 5.4% to 527,320 from an off-take of 500,539 units off-take n 2016.

Commenting on 2017 performance, HMIL's MD and CEO Y.K. Koo said: "The calendar year 2017 has been an year of performance for Hyundai Motor India surpassing its Business Plan of 2017 registering highest-ever domestic volume of 527,320 units, a growth of 5.4% on strong performance of the newly launched super sedan Next Gen Verna along with Grand i10, Elite i20 and Creta."

"The positive momentum in urban and rural retail sales supported with strong after-sales service and low-cost of ownership has gained customer confidence to become most loved and trusted brand in India."

Another automobile major Mahindra & Mahindra's (M&M) sales rose by 8% to 39,200 units from 36,464 units sold during December 2016.

The company's domestic sales during the month under review increased by 7% to 36,979 units from an off-take of 34,411 reported in the corresponding month of 2016.

Exports rose by 8% to 2,221 units being shipped-out during December 2017 from 2,053 units sold abroad during the like period of 2016.

Commenting on the monthly performance, Rajan Wadhera, company President, Automotive Sector, said: "We are happy to have ended December 2017 with a growth of 8 per cent. Our commercial vehicles growth for December has been encouraging at 24 per cent and we are particularly buoyed by our ongoing strong performance in the MHCV segment which indicates a vibrancy in the economy."

"Global automotive trends such as electric vehicles and shared mobility will be key indicators for 2018 and at Mahindra we would continue to be a key and innovative player."

Two and three wheeler maker TVS Motor Company's sales grew by 39% last month to 256,909 units as against 184,944 units sold in December 2016.

Last month, the company sold 247,630 two wheelers and 9,279 three wheelers up from 179,551 two wheelers and 5,393 three wheelers sold in December 2016.

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rajyashree guha

IANS

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