Maruti Suzuki India Ltd. (MSIL), Tata Motors, Hyundai and Volkswagen India have reported their October volume sales. MSIL has posted 2.2 percent growth in domestic sales, Tata Motors 28 percent and Volkswagen India 70 percent. Hyundai has recorded 6.4 percent growth. Both Maruti Suzuki and Hyundai have reported a fall in exports.
India's largest car maker reported weak growth in volume sales for October, selling 133,793 vehicles during the month, which includeded 1,23,764 units sold in India, marking a growth of 2.2 percent over 1,21,063 cars sold in October last year.
Exports dropped 23.7 percent to 10,029 units from 13,146 cars exported last October, according to a statement by the company. Overall, volume sales in October — marked by two major festivals, Dussehra and Diwali — fell 0.3 percent from 1,34,209 units in the year-ago period.
The utility vehicle segment grew 90 percent to 18,008 cars but almost all the models in the other segments, such as Alto, WagonR, Dzire Tour, Swift and Baleno, posted marginal decline.
Shares of MSIL were trading at Rs 5,871 apiece on Tuesday on the Bombay Stock Exchange, down 0.47 percent from their previous close.
The company sold 16,311 passenger vehicles, marking a growth of 28 percent, while overall vehicle sales rose 21 percent to 52,813 units.
The company sold 5,534 units in October this year, 70 percent more than 3,255 cars sold last October.
Hyundai Motor India
The company sold 50,016 cars in the domestic market, up 6.4 percent from 47,015 units last October but exported fell 2.2 percent to 14,356 units.
Other carmakers such as Mahindra, Honda, Toyota Motor Kirloskar and Ford Motors are yet to declare their sales data.