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April 2018
 |
| Automobile Manufacturer(The Total Investment & Insurance Solutions) |
An
impending price hike, along with robust domestic demand and positive
macro-economic growth indicators, led major automobile manufacturers to post
healthy sales figures for March 2018.
On
Monday, Hyundai Motor India (HMIL) reported a rise of 8.8 per cent in its
overall sales including exports for March 2018 to 60,507 units from 55,614 in
the corresponding period last year.
The
company sold 48,009 vehicles in the domestic market last month, while it
exported 12,498 units. Further, HMIL reported the highest financial year
domestic sales of 536,241 units compared to 509,707 units sold in 2016-17,
registering a growth of 5.2 per cent. The Total Investment
& Insurance Solutions
Similarly,
Mahindra and Mahindra (M&M) reported healthy off-take for March 2018. Its
overall monthly sales grew by 10 per cent to 62,077 units, against 56,202 units
sold during the same month of last year.
M&M's
domestic sales rose to 58,653 vehicles and exports edged-up to 3,424 units. For
the financial year ended March 31, 2018, M&M's auto sales stood at 549,154
vehicles compared to 507,598 vehicles during FY2017, registering a growth of
eight per cent. The Total Investment & Insurance
Solutions
On
Sunday, Maruti Suzuki India had reported a 14.9 per cent rise in its March
sales at 160,598 units, as compared 139,763 units sold in the same month last
year. The Total Investment & Insurance Solutions
According
to the company, domestic sales in March stood at 148,582 units, up 16.1 per
cent from 127,999 units sold in the same month last year.
The
automobile major closed the financial year ended March 31 with its highest ever
total sales of 1,779,574 units, at a growth rate of 13.4 per cent.
Another
automobile major, Tata Motors, on April 1 had posted a 35 per cent increase in
its March sales to 69,440 units, as compared to 51,309 units in the same month
last year. The Total Investment & Insurance
Solutions
"In
March 2018, Tata Motors registered a growth of 35 per cent at 69,440 units as
against 51,309 units over last year due to the continued strong sales
performance of its commercial and passenger vehicles business in the domestic
market," the company had said in a statement.
Two-and-three-wheeler
maker TVS Motor Company closed last month with 27 per cent growth in sales
volume. The Total Investment & Insurance Solutions
The
company said it sold 326,659 units (315,765 units of two wheelers and 10,894
units of three wheelers) in March, up from 256,341 units (two wheelers --
250,979 units and three wheelers -- 5,362 units) sold in March 2017.
Besides,
two-wheeler major Hero MotoCorp reported a 20 per cent year-on-year rise in its
monthly sales for March 2018 to 730,473 units from 609,951 units in the
corresponding month of the previous year.
In
the last financial year, the two-wheeler major's sales grew by 14 per cent to 7587,130
units from an off-take of 6,664,240 units in 2016-17.
In
addition, Honda Motorcycle and Scooter India's (HMSI) total sales. including
exports, increased to 440,499 units from 366,090 units sold in the
corresponding period of 2017. The Total Investment & Insurance
Solutions
On
the overall automobile sales trend, Sridhar V, Partner, Grant Thornton India
told IANS: "Sales picked up on various positive economic indicators and
the year end push post budget indications of a possible upward pricing from
April 1 on some vehicle segments on account of increased import
duties." The Total Investment
& Insurance Solutions
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