Industry

Maruti Suzuki sales slide continues

The December 2011 sales figures of auto companies influenced the market sentiment on Monday. Below-expected sales numbers of Bajaj Auto and TVS Motor saw both the counters witnessing sharp cuts. However, shares of Maruti-Suzuki increased by 1.82 per cent even as its sales declined by 7.1 per cent in the month under review. On the Bombay Stock Exchange, the company's share price rose 1.82 per cent to Rs. 936.80.

The country's largest car maker Maruti Suzuki reported a drop in sales for the seventh consecutive month to 92,161 units. It had sold 99,225 units in the same month in the previous year. Maruti sold 77,475 units in the domestic market last month, down 13.4 per cent from 89,469 units in December 2010. Exports, however, jumped by 50.5 per cent to 14,686 units from 9,756 units in the year-ago period. Total passenger car sales declined by 8.4 per cent to 69,329 units last month from 75,652 units in the same month in 2010. Sales of the company's mini-segment cars, including the Maruti 800, A-Star, Alto and WagonR, declined by 15.6 per cent to 38,593 units from 45,733 units in December 2010.

In the compact segment (comprising the Estilo, Swift and Ritz models), the company witnessed a marginal increase in sales to 20,653 units from 20,557 units. Sales of DZiRE model grew by 6.8 per cent to 9,189 units from 8,601 units. Sales of mid-sized sedan SX4 increased by 10.8 per cent to 843 units from 761 units in the year-ago month.

Hyundai number up

On the contrary, the country's second-largest car-maker Hyundai Motor India reported a 3.6 per cent jump in total sales to 48,949 units in December 2011. It sold 47,228 units in the year-ago period. In the domestic market, its sales increased by 12.8 per cent to 29,516 units from 26,168 units in the same month last year. However, exports decreased by 7.7 per cent to 19,433 units from 21,060 units. In the A2 segment, in which the company offers the Eon, Santro, i10 and i20 models, sales stood at 42,624 units, while in the A3 segment (Accent and Verna), sales stood at 6,247 units. HMIL sold 11 units of its Sonata Transform model in the A5 segment. Its new Santa Fe SUV attracted 67 buyers during the month.

GM sustains growth

General Motors India reported an increase of 6.74 per cent in sales for December 2011 at 9,039 units. It had sold 8,468 units in the same month in the previous year.

In December last year, the company had sold 1,365 Spark hatchbacks, 486 Cruze sedans and 4,796 units of its latest compact car offering Beat. It also sold 191 units of entry-level sedan Aveo, 227 units of mid-sized sedan Optra, 1,927 units of multi-utility vehicle Tavera and 47 units of its Captiva SUV. “We have been able to sustain the growth primarily due to the encouraging response to Chevrolet Beat. Other carlines such as Spark, Cruze and Tavera have also generated substantial volumes for the company,” GM India Vice- President P. Balendran said in a release.

Ford, Nissan sales up

Ford India reported a 39 per cent jump in sales for December 2011 to 5,979 units from 4,301 units in the corresponding month in 2010.

The company sold 96,270 units in the domestic market during 2011, up 15 per cent compared to the previous year. “It's incredibly gratifying to see that our domestic sales have grown at such a steady pace, particularly given the challenging market environment.

Overall, 2011 was a strong and positive year where we crossed many milestones,” Ford India President and Managing Director Michael Boneham said in a release. During 2011, Ford also expanded its export footprint for the popular Figo to 32 countries, with Burkina Faso and Ivory Coast added in December, he said.

Nissan Motor India, too, reported a jump of 44.6 per cent in its total sales for December 2011 to 1,596 units. In the same month in the previous year, the company had sold a total of 1,104 units. The company's compact car Micra recorded sales of 1,036 units. It sold 533 units of premium sedan Sunny. “With the launch of the Sunny diesel variant, we are on track to achieve the targeted sales performance despite the difficult market conditions in India,” Nissan Motor India Managing Director Kiminobu Tokuyama said in a release.

Luxury car maker Mercedes-Benz India reported a 2.82 per cent rise in its sales in December 2011 at 730 units against 710 units in the year-ago period. For the entire 2011, the company's sales have increased by 27.7 per cent to 7,430 units from 5,819 units in 2010.

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Printable version | Feb 22, 2020 12:22:03 AM | https://www.thehindu.com/business/Industry/maruti-suzuki-sales-slide-continues/article2769451.ece

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