Car sales witness a dip as quarter two of current fiscal begins

Wednesday 18 July 2012, 10:46 AM by

In Indore as well as other cities of India, the car sales started on a weak note in July, which marks the beginning of Q2 of the current fiscal. Market leading car manufacturers and other top companies registered a negative surge, while few brands managed to scrape through their targeted sales. Industry analysts as well as the dealers in Indore are blaming the price hike of petrol and the rise in inflation for the plummeting sales. With a good start in the month of April, the industry hopes to revive the sales figures by the festive season this year.

A Hyundai dealer based in Indore, Aditya Kasliwal, said, “The first quarter was good for us as we were able to sell 50-55% of diesel version of models like Verna and i20. However, the current month began on a dull note. The reason may be due to the problems over issue of high security number plates by the regional transport office and other issues. But, I do believe that things will improve in the days.”

The manager of Skoda showroom in Indore, Gopal Relwani stated that the showroom has been able to achieve the target set and the quarter has been good. They sold 30 units of Skoda Rapid on an average every month. At the same time, other cars too did good business with Superb, Fabia and Laura selling average 20, 45 and 25 units per month.

Meanwhile, Mahindra & Mahindra (M&M) is aiming to grow its sales by 25 per cent against the previous fiscal when the car maker sold 2,500 vehicles in all. According to a dealer of the company, M&M reported a YoY surge of 19 per cent during the first quarter of FY 2012-2013. The dealership did good business with Sports Utility Vehicles (SUV) like Bolero, Scorpio and Xylo, which sold 400, 250 and 125 units respectively during this period. The XUV 500, which was recently introduced in the country, has generated 800 strong bookings for the dealership with 50 units already rolled out to the customers. In Indore, the all new SUV commanded a waiting period of upto 10 months.

Contrastingly, the largest car manufacturer in India, Maruti Suzuki has been facing the heat and has witnessed a YoY dip of 10 per cent in sales. A company dealer in the city, Praveen Patel, Director, Patel Motors, said, “Though we have booked 300 units, we will be able to deliver them only after two and half months from now on due to the waiting period. The models like Swift and Swift DZire are most popular among my customers.”

However, according to a company official the waiting duration has reduced to 8-12 weeks for the Swift as of now and for DZire it is the same as before, that is 16-20 weeks. Sanjay Soni, who recently took charge as the Indore RTO, stated that during the first quarter of FY 2012-2013, the organisation registered a total of 4,200 vehicles with the majority being middle-segment cars.

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