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June 2017
Automobile
companies on Thursday came out with mixed sales figures for last month.
According
to Angel Broking, the May sales figures have given mixed signals, while
tractors' off-take remained a bright area. However commercial vehicle sales
numbers remained subdued due to transition to the BS IV standards. The Total Investment & Insurance Solutions
On
a company specific basis, automobile major Maruti Suzuki's total sales rose
11.3 per cent to 136,962 units from 123,034 units sold during the corresponding
month of 2016.
Maruti's
domestic sales edged higher by 15.5 per cent to 130,676 units from 113,162
units. However, exports plunged by 36.3 per cent with only 6,286 units shipped
out during May 2017, down from 9,872 units sold abroad in the like period of
2016.
The
other passenger vehicle major Hyundai Motor India Ltd (HMIL) registered an
increase of 1.6 per cent in its domestic sales of 42,007 units for the month of
May 2017.
"Hyundai
volumes are 42,007 units maintaining the growth momentum in passenger
vehicles... the newly launched new Xcent registering a growth of 30 per cent
thus overcoming the challenges posted by the implementation of GST which will
be a boon for the auto industry," Rakesh Srivastava, Director of Sales and
Marketing, HMIL said.
Leading
SUV manufacturer Mahindra & Mahindra's (M&M) sales grew by three per
cent to 41,895 vehicles sold during May 2016. The Total Investment & Insurance Solutions
The
company's domestic sales surged to 11 per cent to 40,602 vehicles during last
month from 36,613 units sold during May 2016. The Total Investment & Insurance Solutions
"Given
the favourable monsoon projections and the focused investment in the rural
sector, we have a robust outlook for future which is expected to spur
demand," said Rajan Wadhera, President, Automotive Sector, M&M. The Total Investment & Insurance Solutions
"The
implementation of GST will be a significant game changer and we hope it
benefits the auto industry. At Mahindra we look forward to a growth momentum on
the back of our existing product portfolio as well as the upcoming new
products."
In
the two-wheeler space Hero MotoCorp reported a rise of 8.7 per cent in its
monthly sales for last month. The Total
Investment & Insurance Solutions
The
two-wheeler major's sales in May increased to 633,884 units from 583,117 units
despatched during the corresponding month of 2016.
Another
key player Honda 2Wheelers India's sales grew by 23 per cent to 537,035 units
from 436,328 units sold in May 2016. The
Total Investment & Insurance Solutions
"Honda
continues to outpace the two-wheeler industry growth growing nearly three times
that of the industry in April-May 2017," said Yadvinder Singh Guleria,
Senior Vice President - Sales and Marketing, Honda Motorcycle and Scooter
India.
"Overall,
the two-wheeler industry has once again bounced back to double digit growth
after six months indicating early signs of recovery. However, with upcoming GST
implementation, industry sentiment is cautiously optimistic."
The
TVS Motor Company posted a sales growth of 16 per cent during the month of May
2017 to 282,007 units from 243,783 units in May 2016.The Total Investment & Insurance Solutions
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