Country’s autovilla has ended 2017 with a positive note as sales moved north during December 2017.
Leading car makers like Maruti, Hyundai, Tata, Ford, Mahindra & Mahindra and Honda have posted growth during the month. However, Toyota reported degrowth in sales.
India’s largest car maker Maruti Suzuki India (MSI) reported 10.3 percent increase in total sales at 130,066 units in December 2017 compared to 117,908 units in the same month of 2016. The company’s domestic sales stood at 119,286 units, up 12.1 percent from 106,414 units in December 2016, MSI said in a statement.
Sales of mini segment cars, including Alto and Wagon R, witnessed 2 percent rise to 32,146 units during the month under review from 31,527 units in December 2016.
The auto major said sales of the compact segment comprising Swift, Estilo, Dzire and Baleno jumped 23.2 percent to 53,336 units last month as against 43,295 units in the year-ago month. MSI said sales of mid-sized sedan Ciaz declined 35.8 percent to 2,382 units during the month.
Sales of utility vehicles, including Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza increased 19.9 percent to 19,276 units in December, from 16,072 units in the same month of 2016. Sales of vans – Omni and Eeco – increased 23.8 percent to 11,420 units last month as against 9,224 units in the year-ago period.
Exports in December were down 6.2 percent to 10,780 units as compared with 11,494 units in the same month last year, MSI said.
The second largest car maker Hyundai Motor India (HMIL) reported a rise of 10 percent in its total sales including exports for December.
According to HMIL, its total sales increased to 62,899 units from 57,164 units sold during December 2016. The company’s domestic sales during the month under review increased to 40,158 units from an offtake of 40,057 reported in the corresponding month of 2016.
Denne historien er fra January 2018-utgaven av Steel Insights.
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Denne historien er fra January 2018-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
