Hyundai, Tata Motors, other top auto makers' sales plunge in March
Major car makers such as Hyundai Motor, Tata Motors, General Motors, Honda Cars and Ford, today reported decline in sales for March, reflecting the continuing demand slump that the auto industry faced in 2012-13 fiscal.
However, Mahindra & Mahindra and Toyota Kirloskar said their sales went up last month.
On the two-wheeler front, Honda Motorcycle & Scooter and India Yamaha registered increases in their sales last month, while market leader Hero MotoCorp and Chennai-based TVS Motor saw their despatches going down.
Market leader Maruti Suzuki will release its sales figures tomorrow.
The country's second-largest car maker Hyundai Motor India Ltd (HMIL) reported a decline of 13.46 per cent in domestic sales at 33,858 units, compared to 39,122 units in the year-ago period
"The slowdown of economy is impacting vehicle sales. Against large base of last year, there was a sharp drop in conversion of enquiries in the absence of any positive stimulus and sentiments," HMIL Vice President (Sales and Marketing) Rakesh Srivastava said.
The company foresees the pressure on volumes to continue till there is significant improvement in macro-economic factors, he added.
In March 2013, Tata Motors' total passenger vehicle sales in the domestic market stood at 12,347 units, down 66.62 per cent from 36,984 units in the same month last year.
However, rival Mahindra & Mahindra's total sales of passenger vehicles including Scorpio, XUV500, Xylo, Bolero and Verito, stood at 25,847 units as against 22,961 units in March 2012, translating into 12.57 per cent increase.
Toyota Kirloskar Motor reported 6.76 per cent increase in its domestic car sales at 19,452 units in March 2013. It had sold 18,220 units in the corresponding month of last year.
TKM Deputy Managing Director and COO (Marketing and Commercial) Sandeep Singh said: "Despite the slow demand in market, we have registered a growth. This growth can be mainly attributed to high customer acceptance of the new models of Etios and Etios Liva, launched recently."