Maruti Suzuki reported the highest-ever monthly sales in March, while Tata Motors crossed 100,000-mark sales for the first time. Hyundai Motors also posted a higher sales for the month. Export-wise Maruti reported highest sales followed by Tata Motors.
An increase in Excise duties announced in the Indian budget in March also pushed up the sales for the month. However, the demand next month could be impacted due to the increase in Excise duty, registration tax and VAT.
Maruti Suzuki India Ltd. reported its consecutive monthly sales of over 100,000 units in this fiscal and the highest-ever monthly sales in March in the company's history. Its March total sales, including exports, stood at 125,952 vehicles, up by three percent from the 121,952 units last year.
In the domestic market, the company reported sales of 112,724 units, up by two percent from the 110,424 units in the corresponding month of last year, while exports stood at 13,228 units, up by 15 percent from the 11,528 units in March 2011.
Under the passenger vehicles category, 'Mini' segment comprising M800, Alto, A-Star, WagonR had sales of 52,826 units during the month, down by ten percent from the 58,799 units a year-ago, while 'Compact' segment comprising Swift, Estilo, Ritz grew by 24 percent to 27,913 vehicles from the 22,576 vehicles last year.
Sales of DZire covered under 'Super Compact' segment were 16,451 units, higher by 60 percent than the 10,278 units in March last year, while sales of SX4 in Mid-size segment were 1,520 units, down by 58 percent from the 3,632 units last March. The company reported sales of 48 units of Kizashi covered under Executive segment, compared with 103 units last year.
Cumulative sales, including exports, for the first ten months of this fiscal, stood at 1,133,695 units, down by 11 percent from the 1,271,005 units in the corresponding period a year ago.
Tata Motors March total sales, including exports, crossed 100,000-mark for the first time at 100,414 units, up by 20 percent from 83,363 units sold out last March.
Cumulative sales (including exports) for the fiscal stood at 906,768 units, a growth of 13 percent over 803,339 vehicles sold last fiscal.
Domestic sales of commercial vehicles were the highest-ever at 58,063 units, a growth of 17 percent, compared with the 49,753 units sold in March last year.
It also reported the highest-ever sales of passenger vehicles, including distribution, in the domestic market were 38,399 units, up by 30 percent from the 29,520 vehicles sold last year.
Sales of the company's compact small car, the Nano, stood at 10,475 units during the month, highest-ever in a month and higher by 20 percent over 8,707 nos. vis-a-vis the corresponding period of the preceding year.
Export sales last month totaled 5,367 vehicles, grew by ten percent from the 5,932 units in March 2011.
This fiscal, Jaguar Land Rover sales continued their upward trend since launch in June 2009. Cumulative sales of Jaguar Land Rover vehicles in India during this fiscal rose more than two-fold to 2,288 nos. from the 891 nos. in the corresponding period last year.
During the fiscal, Jaguar Land Rover commenced assembly of the Land Rover Freelander 2 at its plant in Pune, India. Jaguar Land Rover expanded its range by introducing the Range Rover Evoque, the Jaguar XKR-S and the Jaguar 12 MY range.
During the fiscal, Tata Motors launched the Tata Sumo Gold, the Tata Indica Vista, the Tata Aria 4X2 and the Tata Nano 2012.
Hyundai Motor India Ltd., the country's second largest car-maker and the largest passenger car-exporter, reported a seven percent increase in its total sales during March 2012.
In March, its total sales were 59,229 units, up by seven percent from the 55,552 units in the same month of the preceding year.
Domestic sales rose by 23 percent to 39,122 units from the 31,822 units in March 2011, while exports also fell by 15 percent to 20,107 from the 23,730 in the year-ago period.
Commenting on the sales results, Hyundai Motor India Director (Sales & Marketing) Arvind Saxena said, "We could meet our expectations in March as there was considerable interest to beat the expected price hike in the Union Budget. The market continues to pose many challenges and things can improve if interest rates come down this quarter,"
Last Wednesday, the company launched seven variants of 'iGen i20' with petrol engine priced between Rs.473,000 and Rs.767,000, while five diesel versions with price tags ranging from Rs.596,000 to Rs.744,000.
At BSE Sectoral indices, auto sector was down 0.08 percent at 15.24 hrs. IST on Monday.
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by RTT Staff Writer
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