Maruti Suzuki, Honda, Hyundai domestic car sales up in August

Sep 02 2013, 22:30 IST
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SummaryHonda continued to do well on the on the success of its new entry level sedan Amaze.

cent in its domestic sales at 4,805 units compared to 4,410 units in August 2012.

Other car makers, however, continued to struggle in a market which has been on a prolonged slump due to weak economic growth, rising fuel costs and sluggish consumer sentiment.

General Motors India reported 11.14 per cent decline in sales at 6,673 units in August 2013, compared to 7,510 units in the same month last year.

"Our sales figures are not on the expected lines as we had stopped production and sales of diesel versions of Sail (both compact and sedan) and Tavera in the first week of June," GM India Vice-President P Balendran said.

The other car lines also continue to face severe pressure due to macroeconomic headwinds such as high fuel prices, high interest rates, rupee depreciation, inflation and weak consumer sentiment, he added.

"As far as the market is concerned, this is the worst and the most protracted slowdown faced by auto industry in the last over nine years. The automobile industry desperately needs a stimulus package from the government to revive the market," Balendran added.

Homegrown auto major Tata Motors' passenger vehicle sales in the domestic market stood at 11,564 units in August, down 48.16 per cent from 22,311 units a year-ago.

Likewise, Mahindra & Mahindra's domestic sales were down 17.9 per cent at 35,159 units as against 42,826 units in the same month last year.

Toyota Kirloskar Motor (TKM) reported 14.2 per cent decline in August sales in the domestic market at 12,007 units, compared to 13,995 units in the same month last year.

"The market is still sluggish, however we hope to see the market improve with good monsoons and the upcoming festive season," TKM's Deputy Managing Director and Chief Operating Officer (Marketing and Commercial) Sandeep Singh said.

In the two wheeler segment, market leader Hero MotoCorp reported a 3.64 per cent rise in total sales at 4,59,996 units for August this year.

The industry expects sales to pick up further on account of good monsoons and the festive season, Hero MotoCorp Senior Vice President (Marketing and Sales) Anil Dua said.

Rival Bajaj Auto, however, reported 8.46 per cent decline in motorcycle sales at 2,78,583 units in August, 2013.

Honda Motorcycle & Scooter India reported 38.77 per cent growth in sales at 3,08,932 units for August 2013. Similarly, Yamaha Motor India Sales also reported 67.4 per cent growth in total sales at 60,996 during August 2013 as compared to the

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