Motown now eyes the festivities and heavy discounts for fast aid.
During September 2019, a total of 13,79,292 vehicles was sold, which included passenger, commercial vehicles and two-wheelers registering an 8.3 percent drop in volumes, compared to the 15,04,698 vehicles that were sold in September 2018.
September has been a peculiar month for the industry as sales nearly came to a standstill in the first half as customers postponed their purchases in anticipation of any potential GST cut on cars in the GST council meeting that was held on September 20.
The wholesale numbers reported by companies on the 1st of every month are dispatch figures that typically witness an uptick in the build-up to the festive season every year.
The country’s largest passenger car manufacturer, Maruti Suzuki India (MSI) sold a total of 122,640 units in September 2019. This includes 112,500 units in the domestic market, 2,952 units of domestic OEM sales and 7,188 units of exports. A year ago in September 2018, the car major had sold 162,290 vehicles, which included domestic sales and exports.
Maruti’s domestic passenger vehicle sales in September 2019 saw a decline of 27 percent at 110,454 units against 151,512 units last year. There is however some glimmer of hope as sales have gone up 18.55 percent on a month on month basis from 93,173 units in August 2019.
The decline, for the eleventh straight month for the company and possibly also for the industry as a whole, was led by the entry-level mini car segment which saw a 42.6 percent drop in sales last month at 20,085 units. This category consists of the company’s bestselling model for the last 15 years, the Alto. Only on Monday, Maruti launched a new model S-Presso in this segment to shore up volumes. This is Maruti’s first launch in the entry-level category in close to a decade.
This story is from the October 2019 edition of Steel Insights.
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This story is from the October 2019 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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