Maruti records the first positive national sales in 7 months; M&M and Toyota improve performance in Oct.
New Delhi, November 1 () Car manufacturers, including Maruti Suzuki India, Mahindra&Mahindra and Toyota Kirloskar Motor, reported Friday of best sales in October driven by demand for the holiday season amid a prolonged slowdown in the sector.
The country's largest automaker, Maruti Suzuki India (MSI), posted a 4.5 percent growth in its national wholesale sales by 1.44,277 units in October compared to 1.38,100 units in the same period of the last year.
This is the first time in the last seven months that the company has seen an increase in its national sales.
Despite being in the negative territory, Mahindra&Mahindra managed to stop the decline in sales, registering an 11% drop in 49,193 units last month compared to 55,350 units in October 2018.
In September, the company had reported a 21 percent decrease in domestic sales to 40,692 units.
The October holiday was excellent for Mahindra, with a retail volume exceeding the wholesale of approximately 40 percent. This strong retail performance was contributed by commercial and passenger vehicles, said Veejay Ram Nakra, Head of Sales and Marketing at M&M, Automotive Division. .
Similarly, Toyota Kirloskar Motor reported a 6 percent decrease in domestic sales to 11,866 units compared to 12,606 units in the corresponding month last year.
Toyota Kirloskar had reported total sales of 10,203 units in September this year.
Commenting on sales performance, TKM Deputy Managing Director N Raja said that customer demand witnessed an increase in the holiday season, especially during Dhanteras and Diwali.
The increase in customer sentiments has allowed an upward trend in our sales performance compared to the last months of deceleration. It was quite encouraging to see the remarkable improvement in customer orders because of the holiday season, he said.
The new MG Motor India participant reported retail sales of 3,536 units of its Hector SUV in October.
In the two-wheel segment, Bajaj Auto reported a 13 percent drop in domestic sales to 2.78,776 units compared to 3.19,942 in October last year. Similarly, TVS Motor Company reported a 25.45 percent decrease in domestic sales of two-wheelers to 2.52,684 units compared to 3.38,988 in the same period last year. Commercial vehicle manufacturer Ashok Leyland reported internal sales of 9,074 units last month compared to 14,341 units in the month of the previous year, down 37 percent. MSS RKL BAL