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November 2017
 |
Auto (The Total Investment & Insurance
Solutions)
Despite
being the month when Diwali was celebrated, October turned out to be a mixed
bag for Indian automobile makers with some logging growth and some not so
lucky. The Total Investment & Insurance
Solutions
"The
auto industry has had a mixed month. The build up to Dhanteras and Diwali was
good but the demand tapered off subsequently. In 2016 all festivals were in the
month of October and the industry volumes had a high base. This year, September
and October combined, we have grown by 7.9 per cent in auto division,"
Rajan Wadhera, President-Automotive Sector, Mahindra and Mahindra Ltd was
quoted in a statement. The Total Investment
& Insurance Solutions
"Going
forward, we enter into a year-end period of lower sales. Our refreshes and new
variants, that have been launched, will carve out a niche and we expect to
sustain the growth momentum for the remaining period of the current financial
year," he added as his firm reported sales of 51,149 units, down from
52,008 units sold the same month in 2016. The
Total Investment & Insurance Solutions
In
the passenger vehicle segment, Maruti Suzuki last month grew its sales volumes
by 9.5 per cent selling 146,446 units up from 133,793 units sold in October
2016. The Total Investment & Insurance
Solutions
Of
the total, domestic sales were at 136,000 units, up by 9.9 per cent over the
corresponding month a year ago, while exports stood at 10,446 units, an
increase of 4.2 per cent over the corresponding month in 2016.
On
the other hand, the second largest car maker in India Hyundai Motor India Ltd
and Ford India saw their sales volume going down last month.
Hyundai
Motor sold 49,588 units in the domestic market from 50,017 units sold in
October 2016 while Ford India sold 15,033 units down from 22,043 units sold in
the same month last year. The Total
Investment & Insurance Solutions
Ford
India said booking for its new EcoSport model opens on November 2 and the
vehicle will be launched on November 9.
In
a statement, it said its domestic wholesales in October stood at 4,218
vehicles, as against 7,508 units a year ago, while exports were at 10,815
vehicles, compared to 14,535 units in 2016. The Total Investment & Insurance Solutions
Toyota
Kirloskar Motor sold a total of 14,000 units logging six per cent volume growth
over October 2016 figures, while Tata Motors - makers of both commercial vehicles
and passenger cars - sold a total of 48,886 units (commercial vehicles 32,411
units, passenger vehicles 16,475 units) logging a volume of five per cent over
its 2016 figures for the same month.
Meanwhile,
commercial vehicles major Ashok Leyland Ltd sold 12,914 units last month, up
from 12,534 units sold in October last year.
VE
Commercial Vehicles Ltd - a Volvo Group and Eicher Motors joint venture - sold
5,228 units last month as compared to 4,560 units in October 2016, recording a
growth of 14.6 per cent. The Total Investment
& Insurance Solutions
In
the two-wheeler segment, Eicher Motors continued its success logging 18 per
cent volume growth last month selling 69,492 units up from 59,127 units sold in
October 2016. The Total Investment & Insurance
Solutions
For
the period April-October 2017, the company has sold 456,355 units up from
373,551 units sold during the corresponding period in 2016.The Total Investment & Insurance Solutions
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