Maruti Suzuki India Ltd. (MSIL) has reported 13.9 percent increase in domestic car sales for July, its highest monthly sales till date, leading to 2.14 percent gain its its share price on the BSE on Monday. However, exports remained flat. Honda Cars Indi reported fall.
Hyundai domestic car sales rise 12.9 percent to 41,201 units. Mahindra & Mahindra (M&M) passenger vehicle sales grew 20 percent. Renault has reported six-fold increase to 11,968 units. Toyota Kirloskar Motor domestic sales grew 3 percent to 12,404 units in July.
Details from other car makers such as Honda, Ford and Tata Motors are yet to come.
Maruti Suzuki India
The country's biggest car maker sold 1,25,778 units last month, up 13.9 percent from 1,10,405 cars sold in July 2015. The growth was largely driven by spike in utility vehicles and mid-size segment, according to a statement issued by MSIL on Monday.
Exports remained almost flat at 11,338 cars, up by less than 1 percent from 11,307 units shipped by the company last July. Overall, MSIL reported 12.7 percent growth in volume sales at 1,37,116 units.
In the mini sub-segment comprising Alto and WagonR, the company sold 35,051 cars, 7.2 percent less than 37,752 units sold in July 2015. In the compact sub-segment, the company sold 50,362 units, up 4.1 percent more 48,381 cars sold in July last year. Ciaz sales soared to 5,162 units from 2,099 in July 2015. In the utility vehicle segment, MSIL sold 17,382 units of Gypsy, Ertiga, Grand Vitara, S-Cross, Vitara Brezza last month, a jump of 151 percent from 6,916 units sold in July 2015.
Renault India
The French automobile company's Indian subsidiary sold 11,968 units in July this year, up 609 percent from 1,686 units last July. Renault India Pvt. Ltd. is a fully-owned subsidiary of Renault S.A.S. France and currently offers seven models in the Indian market.
Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum.
Hyundai Motor India
The Indian arm of Korean automobile manufacturer sold 41,201 units in the domestic market (India), up 12.9 percent from 36,503 units in July last year. Exports grew 5 percent to 14,606 units.
"Hyundai continues to sustain strong growth trajectory, volume of 41,201 units with growth of 12.9% on the strength of strong pull performance of Grand i10, Elite i20 & Creta in a market showing improved customer sentiments led by good monsoons, low inflation, reduced interest rates and dropping fuel prices," Rakesh Srivastava, Sr. Vice President Sales and Marketing, Hyundai Motor India Ltd. said in a statement.
Mahindra & Mahindra
The Mumbai-based company sold 17,356 passenger vehicles in July 2016, 20 percent more than 14,456 units sold in July last year. Commercial vehicle sales rose 8 percent to 13,168 units.
"The advent of a good monsoon so far has brought in positive sentiment for the economy and that is somewhat reflected in our performance," Pravin Shah, President and Chief Executive (Automotive), M&M, said in a regulatory filing to the Bombay Stock Exchange.
Toyota Kirloskar Motor
The company sold 12,404 cars in July this year as against 12,070 units sold last July, an increase of about 3 percent. Exports declined to 1,344 units of Etios when compared to 1,629 cars in July 2015.
""We had to shut down production at our Bidadi plant on 30th July on account of Karnataka Bandh in the absence of which our growth would have been more in terms of sales. Also, although the new Innova Crysta has been doing well, the ban on registration of diesel vehicles has stalled the extent of our growth," N. Raja, Director & Sr. Vice President, Sales & Marketing, Toyota Kirloskar Motor said in a statement.
Honda Cars India
The Indian arm of Japanese automobile company Honda sold 14,033 units as compared to 18,606 cars sold in July last year, according to a company statement.
Honda Cars India Ltd. was established in December 1995 and has two manufacturing facilities, at Greater Noida, U.P and Tapukara, Distt. Alwar, Rajasthan.
The company's product range includes Honda Brio, Honda Jazz, Honda Amaze, Honda Mobilio, Honda City, Honda BR-V and Honda CR-V.
Story updated at 6.40 p.m. with additional details.
