Maruti Suzuki India Ltd. (MSIL) has reported 12.2 percent growth in overall volume sales for August 2016 on a year-on-year basis. While domestic sales grew 12.8 percent, exports rose 10.8 percent.
Toyota Kirloskar Motor (TKM) domestic car sales spurted 15 percent, Renault India posted highest monthly growth to 12,972 units and Mahindra reported 29 percent rise. Nissan India sales increased almost two-fold to 5,918 units while Honda Cars India reported a fall. Hyundai domestic sales increased 6.7 percent to 43,201 units and exports grew 17 percent to 16,506 cars.
In a statement released on Thursday, India's largest car maker said it sold 1,32,211 units in August 2016, including 1,19,931 units in the domestic market and 12,280 units in exports. The company had sold 1,17,864 units in August 2015, of which domestic sales stood at 1,06,781 cars.
Utility vehicle segment witnessed a growth of 114.5 percent at 16,806 units, while the second-best segment was mid-size cars that grew 49.5 percent. However, sales in the super-compact and mini segments dropped on a year-on-year basis.
Maruti Suzuki shares were trading at Rs. 5,069.95, up 0.34 percent, on the Bombay Stock Exchange (BSE) at around 10.58 a.m.
Toyota Kirloskar Motor (TKM)
The company sold 14,045 units in August 2016, up 11.9 percent from 12,547 cars in August 2015. Domestic car sales stood at 12,801 units, up 14.69 percent from 11,161 cars sold in August 2015. The company exported 1,244 units of Etios last month as against 1,386 units of the vehicle in August 2015, the company said in a statement.
"We launched the Innova Crysta petrol last month and have received a very good response from the market. Being the first in its segment, the petrol variant will further contribute to the success of the new Innova Crysta," N. Raja, Director & Sr. Vice President, Sales & Marketing, Toyota Kirloskar Motor.
The company sold 12,927 units in August 2016, up exponentially from 1,527 cars sold last August. Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France and has its manufacturing plant in Oragadam, Chennai.
The Mumbai-based company sold 18,246 passenger vehicles in August 2016, 29 percent more than 14,198 units sold in August 2015. Pravin Shah, president and chief executive (automotive), Mahindra & Mahindra said that the upcoming festival season will boost sales for the company.
The company's sales more than doubled to 5,918 units in August 2016 from 2,809 cars sold in August 2015.
Honda Cars India
Domestic sales at the Indian arm of the Japanese auto maker fell 10.9 percent in August 2016 to 13,941 units from 15,655 cars in August last year. Models sold by Honda Cars India include Brio, Jazz, Amaze, City, Mobilio and CR-V.