Auto sales stay in weak zone in November

HT Correspondent, Hindustan Times
First Published: 00:31 IST(3/12/2013)
Last Updated: 11:19 IST(3/12/2013)
Share  more.
After a small spike in the festival season, domestic car sales have returned to the downward spiral, with most major car manufacturers reporting a decline in November.

Market leader Maruti Suzuki and number 2 Hyundai showed 6% and 4% drop in domestic sales in November, of the previous year. For Mahindra & Mahindra and Tata Motors, the dip was as much as 33% and 42% respectively.

General Motors dipped by 14%. Only Ford saw substantial gains in November, thanks to its compact sports utility vehicle EcoSport, and reported a 33% rise in sales.

Most manufacturers do not see a revival soon. “Unless some concrete measures are provided for revival, we do not foresee any immediate turnaround,” said Pravin Shah, chief executive, Mahindra & Mahindra.

Among two-wheelers, Hero MotoCorp, Honda and Yamaha saw growth while TVS sales dipped.

Share  more.
comment Note: By posting your comments here you agree to the terms and conditions of
comments powered by Disqus
more »