NEW DELHI: Passenger car gross sales misplaced momentum in October, with a number of firms posting a decline in dispatches as pageant demand tapered off. Maruti Suzuki, nonetheless, continued to submit robust numbers.
The automobile market chief despatched 1,35,128 autos to dealerships previously month, registering a 9.three% enhance from a 12 months earlier with the Baleno and Vitara Brezza remaining sizzling sellers.
Whereas Tata Motors and Toyota Kirloskar Motor noticed modest enchancment in quantity, Maruti’s instant rival Hyundai Motor posted a zero.85% fall in gross sales and Honda Vehicles bought eight.6% fewer automobiles than a 12 months earlier.
At Ford Motor, gross sales fell as a lot as 43.eight%, however the American automaker mentioned this was due to a manufacturing rejig forward of the launch of the brand new EcoSport which affected wholesale numbers.
Automakers in India do not announce month-to-month retail gross sales, however report the variety of autos they ship to sellers as gross sales. That they had sharply elevated dispatches in September to cater to pageant demand.
RS Kalsi, Maruti Suzuki’s senior government director for gross sales and advertising, final week indicated that there may very well be a short lived lull available in the market as pageant shopping for has ended. However he had predicted the market to regain the momentum quickly.
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“The monsoons have been good, pay fee suggestions have been applied, inventory markets are doing effectively … sentiments are good general. There’s often a lull available in the market after the festive season will get overs,” Kalsi mentioned final week, including: “We are going to obtain our goal of rising by double digits for the fiscal 12 months.”
At Maruti Suzuki, whereas gross sales of mini automobiles — Alto and WagonR — fell four.2% to 32,490 items in October, compact fashions Swift, Celerio, Baleno, Ignis, DZire and Tour S posted a 24.7% growth in numbers to 62,480.
Gross sales of midsize sedan Ciaz dropped 35.four% to four,107 items, whereas these of utility autos together with the Ertiga, S Cross and Vitara Brezza remained robust with it dispatching 23,382 items, or 29.eight% extra from the identical month a 12 months earlier.
Demand for the Innova and Fortuner pushed gross sales up by 6.5% to 12,403 items at Toyota Kirloskar Motor final month.
“The festive season has given a constructive push to the home gross sales within the auto trade. There’s a spur within the buyer demand. The Innova Crysta and Fortuner proceed to take pleasure in good progress in demand available in the market. We’re utilising certainly one of our crops to the utmost capability to make sure the ready interval is diminished,” mentioned N Raja, director and senior vp of gross sales & advertising on the native unit of Toyoto Motor.
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With no change in its worth submit cess hike, the corporate mentioned it has seen a slight enchancment in buyer demand for the Camry Hybrid. The automobile, which is the flagship mannequin for Toyota, will proceed to be a big a part of its product line-up, Raja mentioned.
Tata Motors noticed gross sales rising marginally to 16,475 items on again of the Tiago, Hexa and Nexon witnessing good demand. Mayank Pareek, president of its passenger autos enterprise unit, mentioned: “We proceed to maintain the gross sales momentum going, led by a robust product pipeline of Tiago, Tigor, and Hexa. We now have efficiently accomplished the launch of the Nexon throughout the nation and are delighted with the response and it’s at present witnessing a ready interval of round eight weeks. Whereas we’ve got grown, we may have accomplished higher had it not been for the lengthy vacation season.”
Pareek mentioned the corporate was cautiously optimistic concerning the continuation of the present momentum available in the market.
Rival Mahindra & Mahindra, which noticed gross sales drop 5% to 23,413 items final month, mentioned new refreshes and variants would assist it carve a distinct segment and preserve progress momentum through the interval of sluggish year-end gross sales.
“The auto trade has had a blended month,” mentioned Rajan Wadhera, president of Mahindra’s automotive enterprise. “The construct as much as Dhanteras and Diwali was good however the demand tapered off subsequently. Final 12 months all festivals have been within the month of October and the trade volumes had a excessive base.”
The native unit of Japan’s Honda Motor, which has been driving excessive on the success of the WR-V and the Metropolis, mentioned market disruptions on account of GST and the choice to extend cess, which resulted in pre-buying forward of the festive interval, had weighed on its numbers.
“The festive purchases was additionally unfold throughout two months this 12 months the place we’ve got witnessed a mixed gross sales progress of over 6%,” mentioned Yoichiro Ueno, chief government of Honda Vehicles India.
In October, the corporate additionally confronted provide constraints on few parts, as a result of which manufacturing of some fashions acquired impacted. Honda Vehicles has taken steps to strengthen the provision scenario, Ueno mentioned.
Amongst two-wheeler makers, Royal Enfield continued to take pleasure in run with gross sales (home and exports) rising 18% to 69,492 items in October. Chennai-based TVS Motor reported a 1.5% enhance in two-wheeler gross sales at three,08,364 items final month.