Festive season helps auto sector record positive sales growth in November
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season.
While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November.
Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,44,219 units last month as against 1,43,686 units in November 2019.
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Sales of company's mini cars, comprising Alto and S-Presso, declined 15.1 per cent to 22,339 units as compared to 26,306 in the same month last year.
Similarly, sales of compact segment, which includes models such as Swift, Celerio, Ignis, Baleno and Dzire, declined 1.8 per cent to 76,630 units as against 78,013 units in November last year.
However, sales of its utility vehicles, including Vitara Brezza, S-Cross and Ertiga, rose 2.4 per cent to 23,753 units as compared to 23,204 in the year-ago month, MSI said.
Meanwhile, Hyundai Motor India Ltd (HMIL) reported its highest ever monthly sales in November.
The company's domestic sales rose 9.4 per cent to 48,800 units as against 44,600 units in November 2019.
"The recently introduced all-new i20 has helped carry forward the festive momentum even in the post Diwali period for the company and facilitated a sales growth of 9.4 per cent in November over the same period last year," HMIL Director (Sales, Marketing & Service) Tarun Garg said.
The automaker would continue its efforts towards driving customer delight through innovative solutions thereby positively contributing towards the sustained growth of the domestic industry and economy, he added.
Tata Motors reported over two-fold increase in its sales in November at 21,641 units as compared with 10,400 units in the same month last year.
Powered by Seltos and Sonet, Kia Motors posted a 50.1 per cent increase in domestic wholesales at 21,022 units last month. The company had sold 14,005 units of Seltos in November 2019.
"Since the Covid-19 outbreak, we were quite hopeful about the festive month and the results are overwhelming. Not only urban, but customers from tier II, III, and IV markets too are acknowledging the need for personal mobility to maintain personal safety," Kia Motors India Managing Director and Chief Executive Officer Kookhyun Shim said.
While there is still a lot of uncertainty in the market due to the pandemic, the overall consumer sentiment has significantly improved and the company is all prepared to offer a safe and hassle-free ownership experience to customers, he added.
"We are expecting the market sentiment to improve more in the coming months and we are confident that we will be able to continue this positive momentum in future as well," Shim said.
Mahindra & Mahindra saw its passenger vehicle sales increase by 24 per cent to 18,212 units last month as compared to 14,637 units in the same period last year.
Honda Cars, on the other hand, reported a 55 per cent jump in its domestic sales in November at 9,990 units.
"The festive season this year was good for us with sales improving by 55 per cent in November and contributing to overall industry growth.
"With new and refreshed model line-up along with lucrative offers for consumers, we were able to leverage festive demand and register good sales," Honda Cars India Senior Vice President and Director (Marketing & Sales)Rajesh Goel said.
While the Amaze continues to show strong market performance, the all new City has been fueling the demand in the mid-size sedan segment since its launch and maintaining its leadership position month after month, he added.
"Although there are continuing challenges of pandemic and its impact on overall consumer sentiment, the rise in personal mobility is expected to help us sustain our sales momentum during the rest of fiscal year," Goel said.
Toyota Kirloskar Motor (TKM) posted a 2.4 per cent increase in domestic sales at 8,508 units in November. The Japanese automaker had sold 8,312 units in the domestic market in November 2019.
"The company has been witnessing a gradual yet steady recovery owing to factors such as pent up and festive season demand as well as the consolidation of the market at the lower end due to increasing preference for personal mobility amongst customers," TKM Senior Vice President Sales and Service Naveen Soni said.
An array of attractive offers and finance schemes have also helped the company to maintain momentum, thereby helping it achieve growth over wholesales when compared to the corresponding period last year, he added.
MG Motor India said it posted its highest-ever retail sales in the country last month.
The automaker, a wholly-owned arm of China's SAIC Motor Corp, sold 4,163 units last month, up 28.5 per cent as compared to 3,239 in November 2019.
In the two-wheeler segment, Hero MotoCorp saw its domestic sales rise 13.82 per cent to 5,75,957 units in November as against 5,05,994 units in the year-ago period.
Similarly, Honda Motorcycle and Scooter India (HMSI) posted an 11 per cent increase in domestic sales at 4,12,641 units last month as compared with 3,73,283 units a year ago.
"If the second quarter was about stabilising the automotive ecosystem, the third quarter is a bit about recovery. Backed by festive sentiments, Honda's retails crossed the one million units mark yet again in the two crucial festival months (October & November)," HMSI Director Sales & Marketing Yadvinder Singh Guleria noted.
TVS Motor Company reported a 30 per cent increase in its domestic sales at 2,47,789 units as compared to 1,91,222 units in November 2019.
Yamaha Motor India, on the other hand, sold 53,208 units last month, up 35 per cent from 39,406 units in November 2019.
Niche bike maker Royal Enfield reported 1 per cent increase in domestic sales last month. It sold 59,084 units in November as against 58,292 units in the year-ago period.