List of articles tagged: Car sales

The overall sales growth rate recorded for April-November 2011 for the passenger car segment was 13.08 percent. In the month of November 2011 registered growth at 22.22 percent as compared to November 2010. Passenger Vehicles segment declined by (-) 0.50 percent during April-November 2011 over same period last year.

The hike in fuel prices and the revised interest rates has slowed down the growth of the Indian automotive sector. Pundits at the start of 2011 had predicted the growth of the Indian auto market to be around 20% for this year, compared to more than 30% growth which we witnessed in 2010. Now, it seems that the growth is likely to be about 12-15%.

The cumulative production data for April-June 2011 shows production growth of 18.43 percent over same period last year. In June 2011 as compared to June 2010, production grew at 16.61 percent.

The growth rate recorded for April-May 2011 was 16.34 percent. However, the month of May 2011 registered a lower growth rate of 13.40 percent as compared to May 2010.

Passenger Vehicles segment grew at 11.01 percent during April-May 2011 over same period last year. Passenger Cars grew by 10.04 percent, Utility Vehicles grew by 5.61 percent and Vans grew by 29.57 percent in this period. In May 2011, Passenger Cars, Utility Vehicles and Vans registered low growth at 7 percent, 4.98 percent and 23.31 percent respectively.

The first quarter and then the month of April have shown record sales for many a manufacturer. The growth trend has been positive for most maufacturers with a steady raise in demand for the diesel variants.

Hyundai Motor India Ltd continued to grow at a steady pace with domestic sales growing at 2.4 % for the month of January, 2011. HMIL’s total sales for January, 2011 stood at 43,316 units as against 52,628 units in January, 2010 registering a decline of 17.7%. The domestic sales accounted for 30,306 units as against 29,601 units in January, 2010 while the exports dipped by 43.5% from 23,027 units in January, 2010 to 13,010 units in January, 2011.

MotorExchange announced its Mega Deals on Wheels auction event which is to be on the 24th of January in Mumbai. MotorExchange plans to bring together a large stock of vehicles from diverse sellers, including consumers, dealers and banks under one roof. The dealers then will get a chance to inspect these vehicles at the one-day event and subsequently place their bids for these vehicles in an auction conducted by MotorExchange’s auctioneers.

The year 2010 ended on a high for the Automobile Industry in India and the fact that there were more than 50 launches throughout the year in different segments shows the kind of interest car manufacturers are taking into bringing their products in the market. Society of Indian Automobiles (SIAM), in its yearly report mentioned that the Indian car market grew by 32.69 % in 2010.

ŠkodaAuto India announced that its sales grew by 38% in the year 2010 as opposed to that in 2009. ŠkodaAuto India’s total sales for year 2010 stood at an impressive 20,166 units. The company’s sales performance was encouraging in the last month of the year as well with total sales of 2617 units and a growth of 135% over the same period last year. The introduction of the new Škoda Fabia (read road test) and Škoda Yeti(read road test) were the main highlights of the year 2010 for Škoda Auto India.