After more than a year of unexpected boom, growth of car sales in India continues to slow down this year, with July figures even more dismal than those of June.
The top three companies - Maruti Suzuki, Hyundai Motor India and Tata Motors - reported steeply declining numbers in July compared to the same month last year.
Maruti Suzuki India showed a 26.20 per cent year-on-year decline in sales, while Hyundai Motor India Ltd witnessed an 11 per cent dip in domestic sales. Tata Motors saw the biggest fall of 38.30 per cent during the month.
On the other hand, Toyota Kirloskar Motor reported a 98.89 per cent jump in its sales in July, at 13,592 units. The company had sold 6,834 units in the corresponding month last year. This is an impressive growth, even if Toyota's base is smaller than the big three.
Ford India saw numbers fall 14 per cent in the domestic market to 7,504 units against 8,739 units in July last year. The US major hopes that the new Fiesta sedan (launched in July) will lift volumes.
TVS Motor Co, which mainly makes two-wheelers, has registered an increase of 14 per cent in sales during July 2011. Consistent demand across all segments has enabled total sales of 189,962 units in July 2011, the company said.