Auto sales stay in weak zone in November

HT Correspondent, Hindustan Times
Mumbai
First Published: 00:31 IST(3/12/2013)
Last Updated: 11:19 IST(3/12/2013)
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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.

http://www.hindustantimes.com/Images/popup/2013/12/03_12_13-metro17b.jpg

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.


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