Demonetisation blues: Mixed bag for automobile sales in December
|Source: The Hitavada Date: 03 Jan 2017 09:32:26|
REFLECTING challenges faced by the automobile industry in the wake of demonetisation, auto majors Hyundai Motor India, Mahindra & Mahindra and Ford India on Monday reported a decline in their domestic sales in the month of December 2016.
Other firms such as Tata Motors, Renault, Nissan and Volkswagen, however, reported increase in their Indian sales in December. Hyundai Motor India Ltd (HMIL) said its domestic sales in Dec were at 40,057 units as against 41,861 units in same month previous years, down 4.3 per cent.
Mahindra & Mahindra’s sales in the domestic market were down 1.5 per cent at 34,310 units last month as compared to 34,839 in the year-ago period. Likewise, Ford India also saw its domestic sales dip by 6.04 per cent to 5,566 units last month as against 5,924 units in the same month a year ago.
Hinduja Group flagship company Ashok Leyland reported a 12 per cent decline in total sales at 10,731 units in December 2016.
The company had sold 12,154 units in December 2015. Yesterday, the country’s largest car maker Maruti Suzuki India had posted Dec domestic sales at 1,06,414 units, down 4.4 pc from 1,11,333 units in Dec 2015. Some companies, however, managed to increase their sales in Dec.
Tata Motors reported 35 pc increase in domestic passenger vehicles sales at 10,827 units last month as compared to 8,069 units sold in Dec 2015. However, Tata Motors’ combined sales of commercial and passenger vehicles increased by just 1 per cent to 35,825 units in Dec over 35,416 units a year ago.
German auto major Volkswagen reported a 68.72 pc increase in sales in India at 4,348 units last month as compared with 2,577 units in Dec 2015. Similarly, Renault India reported a 9.2 pc increase in domestic sales at 11,244 units in Dec as compared with 10,292 units sold in same month a year ago. Nissan Motor India also reported a 21 pc increase in domestic sales in Dec 2016 at 3,711 units as against 3,065 units sold in same month a year ago. In two-wheeler segment, Bajaj Auto reported a 22 pc decline in total sales in Dec at 2,25,529 units as against 2,89,003 units during same month a year ago. India Yamaha Motor reported a 28 pc increase in domestic sales to 49,775 units in Dec. Royal Enfield had reported a 41 pc increase in domestic sales at 56,316 units in Dec as against 40,037 units in the same month previous year.