By APA Bureau
Automotive sales in India grew 0.94 percent in February 2017 to 17, 19,699 units from 17,03,736 units in the same month a year ago, according to the latest report by the Society of Indian Automobile Manufacturers (SIAM).
Buoyed by new launches, especially in the utility vehicle segment, such as Maruti Suzuki’s Vitara Brezza, passenger vehicle sales increased 9.5 percent in February. According to the SIAM report, car makers sold 2,56,342 units in February, up from 2,34,154 in the year-ago period. Utility Vehicle segment registered 21 percent growth in February by selling 65,877 units as against 54,089 units in the same month a year ago.
Maruti Suzuki continued to fare well, reporting 11.5 percent rise in domestic sales to 1,20,599 units. Though the sales of small cars like Alto and WagonR declined 6.8 percent to 33,079 units, those of compacts such as the Swift, Ignis, Celerio, Baleno and DZire rose 9.4 percent to 47,002 units. Sales of the Ciaz sedan rose 14 percent to 5,886 units. Led by Vitara Brezza, demand in the utility vehicle segment more than doubled to 17,863 units.
Hyundai Motor India enjoyed strong demand for the Creta with overall sales up four percent to 42,327 units. With sales of 9,002 units, the compact SUV accounted for nearly a fifth of this. The February 1 Union Budget has positively impacted customers’ disposable income and the overall business sentiment. Footfalls and conversions at showrooms have improved, Rakesh Srivastava, Senior Vice President, Sales and Marketing, said.
Led by the refreshed Fortuner and Innova , Toyota’s February sales rose 12 percent to 11,543 units . “The recovery in the market is led by new launches, especially in the utility vehicle segment. We sold the highest-ever numbers of the Fortuner in February. The Innova Crysta too has a waiting of up to six weeks,“ N Raja, Senior Vice President of Sales and Marketing, Toyota Kirloskar Motor, said.
The car maker’s domestic volumes surged 52 percent to 8,338 units last month as it sold more EcoSport models. Renault’s volumes rose 27 percent to 11,198 units thanks to the Kwid, which accounted for 9,600 units.
Tata Motors continued to thrive on the newly launched Tiago and Hexa. The homegrown auto major’s wholesale volumes last month increased 12 percent to 12,272 units.
Honda Cars India (HCIL), which struggled to boost sales last year, benefitted from the upswing in sentiment. Buoyed by the newly launched City, the company posted a 9.4 percent increase in monthly volumes to 14,249 units. Yoichiro Ueno, President and Chief Executive Officer, HCIL, said, “The market has shown positive sentiment during February and HCIL has also benefitted from it. This month’s sales growth has been driven by an excellent response to the new Honda City 2017, which has received over 10,000 bookings so far.” Mahindra & Mahindra’s volumes slipped 13 percent to 20,605 units.
Commercial vehicle segment grew seven percent in 2017 to 66,939 units from 62,359 units sold in the same month a year ago. Three wheeler segment continued to reel under pressure as its sales fell 21 percent in February to 35,356 units from 44,956 units sold in the same month a year ago. The major dip came from the passenger carrier segment which declined 29 percent.
Automotive exports from India in February grew 11.8 percent to 285,265 units from 255,076 shipped out of India in February a year ago. Two-wheeler exports grew 19.29 percent in the same month to 197,531units. Passenger vehicle exports grew 7.43 percent to 62,319 units in February. Commercial vehicle and three-wheeler exports declined 6.40 percent and 23.88 percent, respectively