Car Sale Drop this year 2013

Car Sale Drop this year 2013

CAR sales in India appear 10 be heading for a record eighth consecutive month of decline with major firms, including Maruti Suzuki, Tata Motors, Toyota and General Motors, reporting drop in June as economic slowdown and low consumer sentiments continue to affect demand. Honda Cars India, however, posted over 3-fold jump in June sales on the back of its newly launched compact sedan Amaze. Hyundai Motor India and Ford India also reported increase in domestic sales bucking the declining trend.

In June 2013, Maruti Suzuki India (MSI) registered 7.8 percent decline in domestic sales at 77.002 units as against 83,531 units in June 2012. the company said in a Statement

MSI's sales in mini segment, including the M-800. A-Star. Alto and WagonR. declined by 8.4 per cent to 31,314 units, while in the compact segment (comprising the Estilo. Swift and Ritz models). MSI witnessed 7.2 per cent fall in sales at 20,996 units. Sales of the Dezire model fell by 8.7 per cent to 12,548 unils. Homegrown major. Tata Motors said its total passenger vehicle sales in the domestic market stood at 11.804 units in June, down 31.54 percent from 17,244 units in the same month last year.

Likewise. Toyota Kirloskar Motor also reported 19.45 per cent decline in its domestic car sales at 13.805 units in June, 2013. It had sold 17.140 units in the corresponding month of last year.

Another homegrown firm. Mahindra and Mahindra (M&M)'s domestic sales stood at 36.207 units as against 38.951 units in the same month last year, down 7.04 percent.