Ahead of the festive season that begins late in September with Durga Puja and Diwali the next month, auto companies are fast dispatching automobiles in large numbers to dealers for the purpose of stocking. Meanwhile, some of the auto companies, including Maruti Suzuki, Hero MotoCorp, Scooters India and Honda Motorcycles registered robust sales for the first time ever in the month of August.
Tata Motors passenger and commercial vehicles total sales (including exports) in August 2017 were at 48,988 vehicles, higher by 14% over 43,105 vehicles sold in August 2016.
The company's domestic sales of commercial and passenger vehicles for August 2017 were at 45,906 nos., higher by 26%, over 36,510 nos., in August 2016, due to growing demand across segments and increased positive customer sentiments.
After destocking ahead of GST which resulted in lowest sales since March 2013 in June, this is the second consecutive month in which auto companies have registered remarkable wholesale sales figure. It is during festive months that auto companies achieve nearly 30% of their annual sales target so they stock their dealers to their maximum capacity.
Maruti Suzuki, the country's leading car manufacturing company, posted its highest-ever sales of 152,000 units in August in the domestic month, which is a staggering 27% rise in comparison to the corresponding month last year. The higher sales figure posted by the company is also attributed to the start of the company's Gujarat plant because of which it could deliver more of its premium hatchback Baleno. The waiting period of the car has come down to 16 weeks from 25 weeks earlier. The other refurbished Dezire car of the company also saw good demand. Compact segment of the company that includes Dzire, Baleno among others posted growth of 62.4%.
Hyundai, the second leading car company, posted sales of 47,103 units which is a rise of 9%. In comparison, the slower growth at Hyundai is attributed to high base effect a well as its highly popular and hot-selling cars that include premium hatchback i20 and SUV Creta are now over two years old in the domestic market. Both, Maruti and Hyundai together command an overall 67% market share of the passenger vehicle market.
Honda Cars also recorded double digit growth of 25% while Mahindra & Mahindra recorded sales of 18,255 units, an increase of 7%.