Car sales robust in December, buck year-end trend
The automobile industry shows signs of growth in Dec bucking a year-end trend when customers usually put off purchases until the New Year, reports Deepak Joshi.Updated: Jan 03, 2008 00:36 IST
The automobile industry showed signs of growth in December bucking a year-end trend when customers usually put off purchases until the New Year. However, the two-wheeler market continued to post negative growth in sales during the month.
Car market leader Maruti Suzuki India Limited (MSIL) has reported a 6.88-per cent increase in its car sales in the domestic market during December at 58,401 units against 54,640 units in the corresponding month last year. Overall, the company sold 62,515 vehicles in December 2007, which includes 4,114 units of exports, MSIL said in a statement. Exports in December grew 75.43 per cent to 4,114 units against 2,345 in December 2006.
Hyundai Motor India recorded an overall growth of 5.6 per cent in December 2007 over the same month last year.
On the domestic front, riding high on the newly launched i10, Hyundai Motor clocked an impressive growth of 18.2 per cent. The total sales stood at 24,664 units. While the domestic market accounted for 13,078 units, exports totaled 11,586 units in December 2007. The cumulative sales for December 2006 had been 23,355 units.
General Motors India has reported an over two-fold jump in its domestic sales during December 2007 at 6,309 units, against 2,583 units in December 2006. The sales comprised 2,179 units of MUV Chevrolet Tavera, 1,800 units of sedan and hatchback Chevrolet Aveo and Aveo U-VA, 822 units of the luxury sedan Chevrolet Optra and 1,508 units of its small car Chevrolet Spark, GM said in a statement.
For the calendar year 2007, GM India sales surged by 67.58 per cent at 60,032 units as against 35,823 units during 2006.
Bajaj Auto reported a six per cent dip in its motorcycle sales (including exports) during December at 1,76,441 units against 1,87,063 units in December 2006. The company's total sales during the month declined by seven per cent to 1,99,470 units compared with 2,14,928 units a year ago, BAL said.
Three-wheeler sales during the month also declined by 20 per cent to 22,221 units against 27,749 units in December 2006. Exports, however, were up 29 per cent to 50,702 units in December against 39,385 units during the same month in 2006.