Tough month for Indian car companies
02 August 2008
Mumbai: The Indian automobile sector is going through trying times as four-wheeler sales slow down and two-wheeler sales rising, with interest rate hikes impacting vehicle financing, rising input costs, and inflationary pressures dampening the market sentiment.
Passenger car maker and market leader Maruti Suzuki managed to notch up cumulative sales of 58,543 units in July as compared with 57,909 units in July 2007.
During the month, while the A3 segment, where Maruti Suzuki attained leadership position last year, continued to show strong growth, the A2 segment sales held ground despite the adverse macro economic situation. Compared to the sales in July 2007, Maruti's volume in the domestic A3 segment grew by 36.8 per cent over July 2007.
Segment | Models | 2008 | For July 2007 | % Change | 2008-09 | Till July 2007-08 | % Change | April'07 - March'08 |
A1 | M800 | 4953 | 5970 | -17.0% | 21602 | 23964 | -9.9% | 69553 |
C | Omni, Versa | 6253 | 7214 | -13.3% | 27014 | 27845 | -3.0% | 89729 |
A2 | Alto, Wagon-R, Zen, Swift | 34795 | 34737 | 0.2% | 160222 | 145150 | 10.4% | 499280 |
A3 | SX4, Swift Dzire, Esteem* | 6009 | 4394 | 36.8% | 21949 | 15450 | 42.1% | 49335 |
Total Passenger Cars | 52010 | 52315 | -0.6% | 230787 | 212409 | 8.7% | 707897 | |
MUV | Grand Vitara *, Gypsy | 901 | 524 | 71.9% | 2217 | 1034 | 114.4% | 3921 |
Domestic | 52911 | 52839 | 0.1% | 233004 | 213443 | 9.2% | 711818 | |
Export | 5632 | 5070 | 11.1% | 18123 | 14135 | 28.2% | 53024 | |
Total Sales | 58543 | 57909 | 1.1% | 251127 | 227578 | 10.3% | 764842 | |
*Swift DZire launched in March 2008, Esteem figures are for 2007-08. |
Hyundai Motor India Ltd (HMIL) has announced a cumulative sales growth of 28.2 per cent for the month of July, 2008.
HMIL's total sales for the month of July 2008 totalled 36,152 units, with the domestic market accounting for 15, 066 units, and exports adding 21,086 units.
The cumulative sales for July 2007 were 28,204 units, with 15,003 units of domestic sales and 13,201 units exported.
Compared to July 2007, the company's domestic sales grew by 0.4 per cent in July 2008, while as exports grew 59.7 per cent.