labels: automobiles - general, marketing - general, automotive
Hyundai Motor exports rise, GM India and Maruti hit home runs in sales, TVS 2 wheelers skid 9 per cent news
05 November 2007
New Delhi: Hyundai Motor India Ltd (HMIL), has reported a 32.3 per cent growth in exports for the month of October 2007, as compared to October 2006.

Altogether, HMIL sold 28,136 units this October, with the domestic market accounting for 18,207 units, and exports totalling 9,929 units.

For October 2006, the cumulative sales stood at 26,110 units, while domestic sales accounted for 18,603 units and the exports for 7,507 units.

Overall sales at Hyundai Motor India grew 7.8 per cent in October 2007 as compared to the same month last year.

Commenting on the October sales, Arvind Saxena, vice-president of marketing and sales at HMIL, said, "Export sales have been good for Hyundai Motor India this month, and we feel that with the launch of the new compact car i10 and the onset of the festive season we will be further able to boost our sales in the coming month both in the domestic and overseas market".

The segment-wise sales distribution for the month of October 2007 for HMIL was as under:

  • A1 Segment — 24,016 units;
  • A2 Segment — 4,061 units;
  • A3 Segment — 18 units;
  • A4 Segment — 31 units;
  • SUV Segment — 10 units.

For its part, General Motors India has seen a never-before record growth of 95 per cent in sales in October 2007, compared to the corresponding period last year.

GM India sold 6,139 units in October 2007, against 3,153 units during the same month last year, making it the highest-ever monthly sales figure achieved by GM India since its inception.

The October 2007 sales comprise of 1,769 units of the Chevrolet Tavera, 1,621 units of the Chevrolet Aveo, 436 units of the Chevrolet Optra and 2,313 units of the Chevrolet Spark.

GM India has seen a 58 per cent growth for the period of January-October 2007, over the corresponding period last year, having sold 48,367 units during the period, compared to 30,686 units between January and October 2006.

According to P Balendran, vice president, GM India, “The sales figures this month clearly reflect the customer’s confidence in the Chevrolet brand and the consistent growth in monthly sales is an indication of the success of all our carlines. Achieving these levels of growth demonstrates Chevrolet has become the most admired and preferred automotive brand in India in terms of styling, performance, value proposition and other product attributes.”

GM India had announced special pricing from 12th to 22nd October 2007 on the Chevrolet Spark, as part of the centennial celebrations of General Motors Corporation, which received an overwhelming response with the company receiving bookings for 12, 000 units of the car during the 10-day offer.

Other cars from the wholly owned subsidiary of General Motors Corporation include he diesel Chevrolet Optra Magnum, the Chevrolet Aveo, the Chevrolet SRV, the hatchback Chevrolet Aveo U-VA, the Chevrolet Spark and the Chevrolet Tavera.

Maruti reports growth in sales
Car market leader Maruti Suzuki has reported sales of 64,258 vehicles in the domestic market, during October 2007.

The company had reported sales of 55,894 vehicles in the domestic market in October 2006.

Including exports of 5,157 units, Maruti Suzuki sold a total of 69,415 vehicles during October 2007.

According to the company, Maruti’s volume in the domestic A2 segment grew by 20.9 per cent, and by 54.7 per cent in A3 segment during the month as compared to sales in October 2006.

Segment
Models
October
Till October
April''06 -
March''07
2007
2006
% Change
2007-08
2006-07
% Change
A1M800
4477
6354
-29.5%
39142
46799
-16.4%
79245
COmni, Versa
8110
7753
4.6%
50194
45085
11.3%
83091
A2Alto, Wagon-R, Zen, Swift
47077
38940
20.9%
280179
230137
21.7%
440375
A3Esteem, SX4*, Baleno*
4177
2700
54.7%
29351
18660
57.3%
29697
Total Passenger Cars
63841
55747
14.5%
398866
340681
17.1%
632408
MUVGypsy, Grand Vitara*
417
147
183.7%
2150
1835
17.2%
3221
Domestic
64258
55894
15.0%
401016
342516
17.1%
635629
Export
5157
4269
20.8%
29393
20278
45.0%
39295
Total Sales
69415
60163
15.4%
430409
362794
18.6%
674924
  • SX4 launched in May 2007, Grand Vitara launched in July 2007, Baleno figures are for 2006-07

TVS two-wheeler sales down 9 per cent y-o-y in October ''07
TVS Motor Company has reported an increase of 13 per cent in sales over September 2007, having recorded two wheeler sales of 129,614 units in October 2007. However, this is 9 per cent lower as compared to the 142,325 units in October 2006.

The company expects sales to pick up with the launch of TVS Flame, which will strengthen the company''s presence in the executive segment. The executive segment accounts for over 50 per cent of the motorcycle market.

New product launches across various segments that have been on the drawing board for some time, including that of the TVS Apache RTR EFI and TVS Scooty Teenz EV are reportedly on course, according to a company release.

TVS plans to leverage the growth prospects of the three-wheeler market through the launch of its three-wheeler variants over the coming months.

During the month, the company''s motorcycle sales recorded 67,752 units compared to 92,328 units recorded in October 2006. Though lower than the same period last year, the month-on-month growth recorded was 25 per cent.

TVS’s recently launched upgrade TVS StaR City (110cc) has received good response, according to the company. New product launches, that of the TVS Flame and TVS Apache RTR EFI would plug the void in the company’s product portfolio in those respective segments, and help the company to leverage a more full product portfolio in future, according to the release.

In the scooter segment, TVS Scooty continued grow over last year, posting a 23 per cent growth with 28,119 units in October 2007, as compared to 22,836 units during the same period last year. The launch of TVS Scooty Teenz EV is expected to further strengthen this segment as well.

Exports witnessed a quantum jump over the previous year, with the company exporting 11,046 units of two wheelers in October 2007, showing a growth of 53 per cent over October 2006''s figures of 7,232 units.

 search domain-b
  go
 
Hyundai Motor exports rise, GM India and Maruti hit home runs in sales, TVS 2 wheelers skid 9 per cent