While sales of Maruti's compact segment grew, its mini segment witnessed a slump
A fall in sales across its mini cars, coupled with a drop in exports dragged down Maruti sales by 5.5% March. Read more at: http://www.moneycontrol.com/news/business/maruti-may-sales-slip-5falling-mini-car-sales-exports_712009.html?utm_source=ref_article
Country's largest car-maker Maruti Suzuki India (MSI) on Saturday reported 10.3 per cent decline in total sales in January at 1,02,416 units as against 1,14,205 units in the same month last year.
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
The company, which produced 92,653 units in September 2012, however, had sold more cars this year in the same month.
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Sales volume for compact sedan Dzire Tour came in at 2,068 units in June.
Reflecting the mood, passenger vehicle sales in November either remained muted or skidded for most manufacturers as high fuel prices and the higher cost of borrowing dampened buying sentiment.
The company had sold 50 units of SX4 sedan in August 2014.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
Sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased by 4.1 per cent to 50,362 units
Maruti, Honda and Tata Motors posted highest sales growth during the month
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Maruti Suzuki India, country's largest carmaker on Thursday reported 3.7 per cent rise in total sales in September.
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The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
The first month of the new fiscal year saw a slight change in sales trends as market leader Maruti Suzuki saw a decline in sales of its popular models.
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Maruti Suzuki, Hyundai, Mahindra and Toyota reported low single-digit sales growth for the month owing to weak market sentiment
The models from Hyundai and Maruti, which might go on sale in October 2018 and February 2019, respectively, are set to revive a segment that had lost sheen to the compact SUV segment, lately
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
Top 10 vehicles, value-wise, is dominated by the two players in the market, Maruti Suzuki & Hyundai
Maruti Suzuki India is facing stiff resistance from private sector mutual funds and insurance companies, which own almost 7 per cent of the company, for its decision to allow Suzuki to make cars for the Indian car-maker at a proposed plant in Gujarat instead of manufacturing vehicles itself.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
'The August phenomenon of decline in sales occurs every year.' 'What they have done cleverly is, using the economic slowdown as an excuse, they want a package from the government to compensate the expenditure they will incur while converting BS4 to BS6.' 'That's why they are making a hue and cry.'
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The strong domestic growth for new vehicle sales during 2008-12, which witnessed a compounded annual growth rate of 14 per cent, led to an increased inventory of used cars, thanks to trade-ins.
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Maruti's sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno went up by 9.9% to 45,579 units
Fuel price hike will impact demand going forward.
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
Ford India and Renault too reported good sales growth in April
From discounts to hundred per cent financing to talks of a price hike, companies are doing everything to ensure retail sales pick up this month.
It is immediately not clear how GST will impact the mass car market. Experts, however, say the level of tax on smaller cars will have to be at a differential to the sedans.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
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