Maruti sees revival, others still fight
NEW DELHI: India's largest automaker by sales Maruti Suzuki India (MSI) witnessed a resurgence in sales, but other manufacturers are still struggling with weak demand in the sector.
MSI recorded a 4.5% growth in its national wholesale sale by 1.44,277 units in October compared to 1.38,100 units in the same period last year. This is the first time in the last seven months that the company has witnessed an increase in its national sales.
While other manufacturers reported better sales during the period by stopping any substantial decline, most were in negative territory.
Mahindra&Mahindra (M&M) sales fell 11% to 49,193 units last month, compared with 55,350 units in October 2018. In September, the company had reported a 21% 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%. This solid retail performance was contributed by both passengers and passengers. Commercial Vehicles , Said Veejay Ram Nakra, head of sales and marketing, automotive division of M&M.
Another local giant Tata Motors reported a 34% drop in sales in October 2019 (national and international markets), while Toyota Kirloskar Motor reported a 6% decrease in domestic sales.
In the two-wheel segment, market leader Hero MotoCorp reported a decrease of 18.4% in total sales to 5.99,248 units in October. It sold 7.34,668 units in the same month last year, according to a statement.