Maruti Suzuki India Limited (MSIL), India's largest car maker, has reported a 11 percent increase in domestic car sales for May. Hyundai Motor India domestic car sales grew 10.4 percent and Renault India's domestic car sales zoomed 132 percent while Honda had a bad month yet again. Mahindra reported 8 percent increase in passenger vehicle sales at 19,635 units.
Honda Cars India
The company reported a 25 percent fall to 9,954 units in domestic car sales last month, from 13,431 vehicles in May 2015. The Indian arm of the Japanese automobile maker exported 651 cars in May 2016.
The company sold 8,343 cars in May 2016, up 132 percent from 3,601 units in May last year, according to a staetment issued on Wednesday.
Hyundai Motor India
The Indian arm of Korean automobile company sold 41,351 cars last month versus 37,450 vehicles sold in May last year.
"In market seeing challenges of stressed rural demand & uncertainty on diesel vehicles, Hyundai volumes grew by 10.4 percent with sales of 41,351 units continuing the buildup of positive growth momentum on the strengths of strong performance of the three Indian Car of the Year brands Creta, Elite i20 and Grand i10 with heightened expectations of increase in demand on the predictions of good monsoon," Rakesh Srivastava, Sr. Vice President Sales and Marketing, Hyundai Motor India Ltd. said in a statement on Wednesday.
The company sold 1.13 lakh cars in May this year as against 1.02 lakh cars in May 2015, while exports slumped to 9,872 cars last month compared to 12,466 vehicles in the corresponding period last year, according to a statement issued by the Gurgaon-based company on Wednesday.
The utility vehicle segment comprising Gypsy, Ertiga, S-Cross and Vitara Brezza saw sales spurt 144 percent to 13,596 cars last month. The company had sold 5,567 vehicles in the segment in May last year.
Sales of Dzire Tour in the super compact segment plunged 19.9 percent, while the company sold 11 percent more cars of Swift, Ritz, Celerio, Baleno and Dzire.
Maruti Suzuki sold 33,105 units of Alto and WagonR in May this year, 5.6 percent less than 35,062 vehicles sold in May last year.
Overall, the company's sales grew 7.1 percent on a year-on-year basis.