Indian auto industry wrapped up one of its most difficult periods in the year 2019 as sales of cars and SUVs went into a free fall, witnessing the biggest decline in over two decades as rising uncertainties, difficult financing, and the economic slump kept buyers away despite heavy discounts. Such had been the pressure that the numbers fell despite the entry of new brands such as Kia Motors and MG Motors, which surprisingly managed a strong opening even in a difficult market.
Let's take a quick look at some of the carmakers performed in terms of sales in the month of December 2019.
Maruti Suzuki: Beating the year-end blues Maruti Suzuki India (MSI) said its domestic sales were at 1,24,375 units in December as against 1,21,479 units in the same month a year ago, registering a growth of 2.4 percent. The company said its compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire recorded sales of 65,673 units last month as compared to 51,346 units in December 2018, a growth of 27.9 percent.
Hyundai Motor: Hyundai Motor India Ltd (HMIL) reported a 9.9 percent decline in total sales in December at 50,135 units as against 55,638 units in the year-ago month. The company said its domestic sales were at 37,953 units in December 2019 as compared to 42,093 units in the same month previous year, down 9.8 percent.
Toyota Kirloskar Motor: Toyota Kirloskar Motor's domestic sales in December 2019 stood at 6,544 units as compared to 11,836 units in the same month in 2018, down 45 percent.
Tata Motors: Tata Motors announced its sales report for December 2019 and the automaker sold 44,254 units (PV + CV) in the domestic market. The company registered a decline of 12 percent in volumes as compared to 50,440 units sold in December 2018.
Honda Cars: Honda Cars India domestic sales down by about 36 percent for the month of December 2019. The company sold 8,412 units in India, as against the 13,139 units sold during the same month in 2018.
Renault India: Renault India reported a 64.73 percent jump in sales to 11,964 units in December. The company had sold 7,263 units in the same month a year ago, Renault India said in a statement.
Mahindra & Mahindra: Mahindra & Mahindra Ltd reported a 1 per cent rise in automobile sales in December 2019, as a rise in passenger and utility vehicles offset a dip in commercial vehicle sales.
MG Motor India: MG Motor India reported retail sales of 3,021 units of its sports utility vehicle Hector in December. Since July, when it started deliveries of its vehicles in India, the carmaker had recorded total sales at 15,930 units, MG Motor India said in a statement.
News Source: Economic Times