India’s top auto makers’ June sales ended on a positive note with all major players posting growth over the same month of the previous year.
The country’s largest passenger car manufacturer, Maruti Suzuki India (MSI), reported that overall sales for June 2018 were up by 36.3 percent at 144,981 units in June as against 106,394 units in June 2017. The firm’s domestic sales stood at 135,662 units, up 45.5 percent from 93,263 units in June last year, a company release said. Exports in June 2018 dropped by 29 percent to 9,319 units as compared to 13,131 units in the same month last year.
During Q1 (April-June) of 2018-19, Maruti Suzuki saw a growth of 24.3 percent overall. Domestic sales were up by 25.9 percent as compared to 490,479 units sold in the corresponding quarter of the previous fiscal. Exports for this period were at 26,639 units. Incidentally, Suzuki’s India operations also crossed the important 20 million production milestone in June.
Sales of mini segment cars, including the Alto and WagonR, witnessed a growth of 15.1 percent at 29,381 units from 25,524 units in June 2017, MSI said. The auto major further said sales of compact segment cars comprising Swift, Estilo, Dzire and Baleno jumped by 76.7 percent to 71,570 units last month as against 40,496 units in the June last year.
Sales of the mid-sized sedan Ciaz declined by 60 percent to 1,579 units during the month as compared to 3,950 units in the same month last year. Utility vehicles, including Ertiga, S-Cross and compact SUV Vitara Brezza, sales rose by 39.2 percent to 19,321 units in June, from 13,879 units in the same month of 2017. Sales of vans – Omni and Eeco – grew by 32.3 percent to 12,185 units last month as against 9,208 units in the year-ago period.
MSI’s LCV Super Carry witnessed over 7-fold increase to 1,626 units last month as compared to 206 units in June 2017.
This story is from the July 2018 edition of Steel Insights.
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This story is from the July 2018 edition of Steel Insights.
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