Maruti Suzuki registers 5.8 per cent increase in domestic sales

Friday 02 August 2013, 11:53 AM by

It seems that the recent surge in fuel prices and higher interest rates has not affected the leading passenger car maker Maruti Suzuki. Despite the recent downfall in Indian automobile industry, the company registered an increase of 5.8 per cent in its domestic sales. It must be noted that car sales in India, which are a key factor in determining the economic growth are constantly falling. In a record fall of 9 per cent, car sales have been dropping for the past eight months in a row. Meanwhile, the Society of Indian Automobile Manufacturers (SIAM) will release the detailed figures of the Indian car market in recent time.

Maruti Suzuki registers 5.8 per cent increase in domestic sales |
Maruti Suzuki registers 5.8 per cent increase in domestic sales

While Maruti Suzuki registered a 5.8 per cent growth in domestic sales selling 75145 units in July 2013 as compared to 71024 figures in July 2012, it must be noted that last year the Manesar plant of the company was closed due to labour unrest, which had hampered its production. Meanwhile, other major auto makers have also released their sales figures for July, through which a clear indication can be made about the declining car sales.

One of the prominent auto makers, Toyota Kirloskar Motors told that its sales for July 2013 registered a steep fall of 21 per cent. The Deputy Managing Director and Chief Operating Officer of the company, Sandeep Singh said "The market continues to be sluggish and it seems that we are heading for tougher times,"

Another major automobile manufacturer Hyundai showed a drop of 6 per cent in its sales figures. The company said that it has managed to sell 25,965 units during the month of July. Commenting on the issue Rakesh Srivastava (Senior Vice-President of Sales and Marketing) told “The frequent increase in the fuel price on account of depreciating rupee has further increased the challenge to grow volumes."

The slump in Indian car market has also affected Mahindra and Mahindra, which saw a 29 per cent decrease in sales as compared to last year. On asked about the reason for this huge drop, the company blamed the government for imposing higher excise duty on utility vehicles, which was proposed in the Union Budget. On this, Mahindra's Chief Executive (Automotive Design) Pravin Shah said "The industry is in desperate need for an immediate stimulus from the government. With interest rates remaining unchanged, the lowering of excise duty is the need of the hour, which will rev up demand for auto products, leading up to the festive season."

Tata Motors, the country's largest auto maker, recorded a significant fall in its domestic sales with a margin of 59 per cent, selling 10, 824 units. However, for Honda Cars India Limited things have looked bright as its sales have almost doubled in July reaching a figure of 11,223 units.

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