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November rain: Autos stir up, Maruti Suzuki sags

autos Updated: Dec 01, 2011 23:51 IST
HT Correspondent
HT Correspondent
Hindustan Times
Automobile sales

Automobile sales in November showed signs of a revival with every car and two wheeler maker barring market leader Maruti Suzuki India Ltd (MSIL) posting double digit growth in sales during the month.

Maruti saw its sales decline by 19% during the month over the same period last year that stands in stark contrast to arch rival Hyundai's 11% growth and Tata's over 80% jump in sales. Lack of new products and limited supply of diesel cars seem to be Maruti's undoing.

"This year, sale of diesel cars have increased by over 22% while sale of petrol cars has gone down. It is reflected in the near 10 month waiting period for Swift diesel with orders amounting to 98,000 cars outstanding," said Mayank Pareek, managing executive officer (marketing and sales), Maruti Suzuki India Ltd.

"In a challenging market we have been able to grow volumes and market share on the strength of our new launches - Verna and Eon," said Arvind Saxena, director, marketing and sales, Hyundai Motor India Ltd (HMIL).