Car sales gather pace

Sep 03, 2013

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New Delhi: Car sales in August appeared to be positive for the auto industry with Maruti Suzuki, Hyundai and Honda posting a good growth. An important factor was the increase in exports of the car companies.
India’s largest car company Maruti Suzuki, saw its domestic sales increased by 52 per cent due to a low base. The company’s export rose by 181 per cent. Due to this Maruti Suzuki’s overall sales rose by 61 per cent.
Maruti’s Manesar plant was locked out in August 2012 following violence in which one executive was killed. Hyundai Motor India Ltd, the country’s second largest car manufacturer saw its domestic sales growing by 0.19 per cent in August.
However, its exports were up by 28.87 per cent. This took the overall growth in the sales of Hyundai to 11.58 per cent “The exports have shown decent growth on account of strong demand from non-European markets while the domestic market continues to witness pressure.
The overall market is suppressed due to various macro-economic factors. The frequent and steep increase in fuel prices continues to impact the already low market sentiments.
We expect the challenge to continue in the coming months as well until there is a significant change in macro-economic policies,” said Rakesh Srivastava, senior vice president (sales and marketing), HMIL. Honda Cars India Ltd. saw its sales growing by 63 per cent due to good response to Amaze.

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