With GST meaning lowering new car prices and the benefits being passed onto the consumers, the positive results have already started coming in. While the full effect will be in months to come, the sales have shown a big improvement over the earlier month owing to the GST factor.
Maruti Suzuki- It sold a total of 165,346 units in July 2017, growing 20.6 % over the same period of last fiscal. This includes 154,001 units in the domestic market and 11,345 units of exports. The Company had sold a total of 137,116 units in July 2016.
Hyundai- It registered domestic sales of 43,007 units for the month of July 2017. There has been growth of 14.5% month on month and 4.4% year on year.
Toyota- It seems it has been one of the biggest gainers with sales of 17750 units in the domestic market thereby registering over 43% growth as compared to its domestic sales in the corresponding period last year. This is the companys third highest ever domestic sales achievement in a month. The company also exported 1723 units of the Etios series this month.
Ford- Total domestic sales were 8,418 units as against 7,076 units, while exports grew to 17,657 vehicles compared to 10,666 units in July of last year.
Honda- It registered monthly domestic sales of 17,085 units in July 2017 against 14,033 units in corresponding month last year, registering a growth of 22%. In the current fiscal year it has sold 55,647 units during April ——— July 2017 with a cumulative growth of over 21% as against 45,880 units in the corresponding period April ——— July 2016.
Tata- There was a growth of 10% in the passenger vehicle market, in July 2017. Total domestic sales were 14,933 units. While the car segment marginally degrew by 1% at 12,125 nos., the UV segment grew by 110% at 2,808 nos., due to strong demand for Tata HEXA. Cumulative sales growth of all passenger vehicles in the domestic market for the fiscal were at 49,791 nos., a growth of 10%, compared to 45,062 nos.,in the last fiscal.
Volkswagen- It sold 4,753 units, constituting a 10.5% growth as compared to 4,301 vehicles sold in the corresponding month of the previous year. Continuing the sales momentum for the year 2017 Volkswagen registered above industry growth rate of 13% year-to-date.
Mahindra- It sold 41,747 vehicles, compared to 39,458 vehicles during July 2016, representing a growth of 6%. The companys domestic sales stood at 39,762 vehicles during July 2017, as against 35,305 vehicles during July 2016, a growth of 13%.
Words- Sunil Kumar