[1]New Delhi: Cars companies continued to struggle to sell their vehicles in June as consumer sentiments remained weak for the eight consecutive month.
The domestic sales of India’s largest car maker Maruti Suzuki have contracted by 7.8 per cent in June 2013 at 77,002 units against 83,531 units in June 2012. However, Maruti Suzuki’s exports took a bigger hit declining by 43 per cent to 7,453 units from 13,066 units in the year-ago period. The sales fell in all categories of vehicles.
Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer, has registered a mere one per cent growth in domestic sales in June.
Toyota Kirloskar Motor (TKM) domestic sales fell by 25 per cent in June on year-on-year basis as company sold 11,010 units during the month.
“The overall weak economic conditions continue to keep the market sentiments low and the market sluggish. We have seen an increase in sales when compared to last month. We have been able to keep the inventory levels low.
We hope to see the market improve after the monsoon and during the festive season,” said Sandeep Singh, deputy managing director and chief operating officier of Toyota Kirloskar Motor.
Honda sales, however grew by 248 per cent in June, riding on the success of Amaze. The company sold 4,965 units of Amaze in June. “We already have more than 18,000 Amaze customers and we hope to add many more going forward,” said Jnaneswar Sen, senior vice-president, marketing and sales, Honda Cars India.
M&M passenger vehicles segment (which includes the UVs and Verito) sales declined by 13 per cent in June due to increased taxes and competition. Following the trend, General Motors India also reported 10.71 per cent decline in sales at 6,575 units in June 2013.
Links:
[1] http://archive.asianage.com/maruti-cars0000jpg-155