Maruti Suzuki India Ltd (MSIL), Hyundai Motor India and Renault India have reported a rise in domestic car sales in March 2016. Maruti Suzuki's sales have gone up 14.6 percent, while the Indian arm of the South Korean car maker saw volumes increase 4.2 percent and Renault India recorded 160 percent growth, according to statements issued by the companies Friday.
Domestic car sales
MSIL sold 118,895 cars in India last month as against 103,719 units sold in March 2015. The mini-car segment comprising Alto and WagonR registered 8.7 percent decline, while all other segments (compact, super compact, mid-size and utility vehicles) saw volumes rising during the month. The utility vehicle segment volume sales more than doubled to 13,894 units.
Hyundai Motor India's domestic car sales stood at 41,201 units, up 4.2 percent from 39,525 vehicles the company sold in March 2015.
Renault India sold 12,424 units, up 160 percent from 4,782 cars in March 2015. Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France.
Mahindra & Mahindra reported 21 percent increase in passenger vehicles at 26,885 units from 22,183 vehicles in March 2015.
Honda Cars India sold 17,430 units, down 23 percent from 22,696 units sold in March 2015.
MSIL exported 10,450 cars in March 2016, up 33.4 percent from 7,836 units in March 2015, while Hyundai's outward shipment in March 2016 was 10,251 units, a marginal increase from 10,215 cars sold in March 2015.
Full year sales
MSIL's domestic car sales stood at 13.05 lakh units in 2015-16, up 11.5 percent from 11.70 lakh units sold in the preceding financial year. Total volume sales, including export of 1.24 lakh cars, grew 10.6 percent to 14.29 lakh units in fiscal 2016 as against 12.92 lakh units in fiscal 2015.
Hyundai Motor India's domestic car sales rose 15.1 percent to 4.84 lakh units in financial year 2015-16 from 4.21 lakh units in the preceding financial year.
"Hyundai for FY '15-16 achieved an all-time highest volume of 484,324 units with 15.1% yearly growth with highest-ever market share of 17% plus on the strong performance of models like Creta, Elite i20 and Grand i10," said Rakesh Srivastava, Sr. Vice President Sales and Marketing, Hyundai Motor India Ltd.
Honda Cars India sold 192,059 units in financial year 2015-16, up 2 percent on a year-on-year basis.
The MSIL stock was trading at Rs 3,735.90 at around 12.30 p.m. on Friday, up 0.45 percent from its previous close, on the BSE.