Maruti Suzuki , Hyundai india expect Dec sales to jump 30%
Maruti Suzuki , Hyundai india expect Dec sales to jump 30%
Contrary to expectations that car sales dip in December, auto majors Maruti Suzuki and Hyundai Motor India are poised to grow 30 per cent in sales (the two companies control 72 per cent of the domestic market). General Motors is looking at 70-80 per cent increase in sales.
Car makers add that even though this month’s demand is on the low base of last year, the trend is unusually strong. This, when the consumer is aware of the launch of new models over the next two quarters.
“Usually when new launches are expected, sales of the concerned segment gets impacted. Surprisingly, the momentum built over the last few months has been sustained this month. Even the year change effect on sales has been negligible”, said an executive from a top car producing company.
Maruti Suzuki, which has a domestic market share of 45 per cent, expects sales to hit 68,000-69,000 units this month, a growth of 33 per cent over the same month last year.
Similarly, US auto brand Chevrolet (owned by General Motors) which is heavily promoting its most eagerly awaited model, Beat (a hatchback), has stated that demand for the two-year-old Spark has only gone skyward this month.
The Spark is sold at a cash discount of Rs 47,000 in addition to a free stereo system from Kenwood and a free maintenance package worth Rs 13,000.
Ankush Arora, vice president (sales, service and marketing), General Motors India, said, “We should close the year (January-December) with sales of above 65,000 units. Demand was mildly sluggish during the start of the month, however in the last 10 days it has gathered pace.”
GM India expects sales to rise 70-80 per cent this month to 7,000 units as compared with 4,041 units sold in the same month a year ago. The company would be launching the Beat, a five-seater compact car in the price band of Rs 3.6 lakh to Rs 4.2 lakh in January.
Korean car maker Hyundai Motors too is expecting the surge in demand to continue this month as well with a growth of 30 per cent in domestic sales. Its sales had jumped by 92 per cent last month to more than 28,000 units
via bussiness standart
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- Maruti Suzuki posted its highest ever monthly sales in August 2010
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- Maruti Suzuki India Ltd. expects sales to grow 10%-12% in the next fiscal through March 31, 2011, its chairman said Wednesday.
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- Maruti Suzuki July Car Sales Rise 29% on Record India Demand
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