Maruti Suzuki's August sales up 24%

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Maruti Suzuki's August sales up 24%

MSI's domestic sales stood at 1.52 lakh units, up 26.7% from 1.20 lakh units in August previous year.

With festive season around the corner, domestic sales of passenger vehicles- cars, utility vehicles and vans- surged by 14 per cent in August as dealers built inventory. In August 2017, the carmaker sold a total of 151,270 units (+26.2%), showing that there's little the competition can do to impact the company's stranglehold on the domestic market.

The company's passenger auto segment comprises of brands like Alto, WagonR, Swift, Ritz, Celerio, Ignis, Baleno, Dzire, Tour S, Dzire Tour (old), and Ciaz.

Leading SUV manufacturer Mahindra and Mahindra (M&M) reported a rise of four per cent in its overall sales for August which increased to 42,116 units from 40,591 units sold during the corresponding month of a year ago.

According to the company, its total sales during the month rose to 163,701 units, from 132,211 units during the corresponding month of 2016. The Ciaz posted its best-ever monthly sales in April 2017 (7,024).

In addition, two-and three-wheeler maker TVS Motor Company registered a sales growth of 16 per cent last month to 317,563 units up from 274,303 units sold in August 2016.

Demand for Maruti Suzuki's utility vehicles - Gypsy, Ertiga, Vistara Brezza, and S Cross - increased 28% to 21,442 units in August. Hyundai, the second biggest player grew at nine per cent. July sales had grown 15 per cent. Rakesh Srivastava, Director (Sales and Marketing), HMIL said: " With the spread of monsoon and a strong product portfolio, we see strong buying in the coming festive season".

Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, said: "Tata Motors sales continue to grow on a positive course on the back of strong performance of the new generation cars like Tiago, Tigor and Hexa". Our passenger vehicles grew by 6% and the overall sales by 4%. "Our brands continue to gain traction despite several external challenges. As we get into festive season, we are confident of a good growth over the next couple of months".

Ashok Leyland sold 13,634 vehicles in August (10,897), registering 25% growth.

Industry major Hero MotoCorp achieved its highest-ever sales for any single month during August 2017 at 678,797 units.

Yoichiro Ueno, president and CEO, Honda Cars India, said, "Honda Cars India continues to record strong sales in August led by the City and WR-V".

Manufacturer's of two-and-three wheelers also logged healthy sales growth last month. While strong demand for the Tiago hatchback and Tigor compact sedan bolstered passenger vehicle sales, the Hexa crossover for the UV sales accelerator.

Production constraints, however, dragged down volumes at Toyota Kirloskar Motor (TKM) and Ford India, which registered declines of 6% (to 12,017 units) and 9% (to 7,777 units), respectively, in August. The company says it witnessed a 40-50% jump in customer orders last month following the announcement about the potential GST cess hike. N Raja, director & senior vice president (Sales & Marketing) at Toyota said the sales numbers of August are not truly reflective of the existing customer orders. "We had production limitations which held us back from catching up with the high demand", he said.

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