Car-makers rev up for Deepavali
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Anticipating sturdy demand throughout Deepavali, most car-makers registered sturdy development in dispatches to sellers in October. Market chief Maruti Suzuki on Sunday mentioned it offered over 1.63 lakh passenger automobiles within the home market in October, 17.6% up from 1.39 lakh automobiles within the month in 2019.
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The firm mentioned gross sales of its mini section vehicles (Alto, S-Presso) remained nearly flat at 28,462 items, whereas these of compact vehicles (WagonR, Swift, Celerio, Ignis, Baleno and Dzire) and utility automobiles (Gypsy, Ertiga, S-Cross, Vitara Brezza and XL6) have been up 26.6% to 95,067 items and 10% to 25,396 items, respectively.
Two-wheeler gross sales
The nation’s largest two-wheeler maker, Hero MotoCorp, posted its “highest-ever sales in any single month” at over 8.06 lakh items in October 2020, a development of 35% over the year-ago month.
“A positive turnaround in customer sentiments, particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period.” it mentioned.
Hyundai Motor India additionally recorded the highest-ever home gross sales since its inception of 56,605 items, a development of 13% over October 2019. The earlier highest month-to-month home gross sales quantity for the corporate was 52,001 items in October 2018. Tarun Garg, director (gross sales, advertising & service), HMIL, mentioned.
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Positive tone
“The October month sales performance has set a positive tone for the overall business environment and we are confident that Hyundai will continue to strongly contribute towards sustainable growth of the economy, community and all its stakeholders.”
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Honda Cars India noticed a year-on-year development of 8.3% in gross sales final month at 10,836 items. The firm’s senior vice-president and director, advertising and gross sales, Rajesh Goel, mentioned, “We have seen positive sales momentum in line with market sentiment … The festive buying picked up from Navratra in mid-October and we are focusing on maximising deliveries during this period. Thanks to our strong and refreshed product line-up introduced right before the festive season and ongoing multiple consumer offers, we expect this demand to continue through Deepavali … .”
Toyota Kirloskar Motor (TKM) mentioned it offered 12,373 automobiles final month, a development of 4%. Naveen Soni, senior vice-president, gross sales and repair, TKM, mentioned, “The month of October has been our best month so far since March 2020. The festive season has proved to be bullish as we witness demand surging, month on month. This has been true of our retails too as order flow has been smooth, from the very beginning.”
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Robust demand
Home-grown Mahindra & Mahindra noticed a 1% development in home passenger car gross sales in October at 18,622 items. Veejay Nakra, CEO, automotive division, M&M Ltd., mentioned, “We are happy to achieve a growth of 4% in utility Vehicles, despite certain supply constraints … the festive season has started on a positive note with deliveries and bookings being higher than last year. Going forward, this augurs well for a robust festive demand which in turn will help the industry in the short term.”
Motorcycle-maker Royal Enfield, nevertheless, reported a decline of seven% in gross sales at 62,858 items in October 2020.
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