Car sales hit slow lane in July on high base in 

New Delhi : Leading automakers Maruti Suzuki India (MSI) and Hyundai Motor on Wednesday posted marginal growth in domestic sales for July on account of high base in July last year.

The transporters’ strike in July had affected companies such as Ford and Mahindra & Mahindra with their passenger vehicles sales dropping, although Honda Cars reported its best ever July sales riding on the success of its new Amaze. Toyota Kirloskar Motor (TKM) saw its July sales falling due to high base in July last year. MSI said its domestic sales were up marginally at 1,54,150 units last month as against 1,54,001 units in the year ago month.

“While the growth rate may look flat, one must look at the absolute volumes in July, which are very robust even by our own high standard,” MSI Senior Executive Director (Marketing and Sales) R S Kalsi said.

Rival Hyundai posted a 1.1 per cent increase in its domestic sales last month at 43,481 units as compared with 43,007 units in July 2017. Honda Cars on the other hand posted 17 per cent increase in its domestic sales to 19,970 units in July, riding on new Amaze which sold 10,180 units setting a new record for the highest ever monthly sales for a single model in the company’s history.  M&M reported a 6 per cent dip in sales of its passenger vehicles, including Scorpio, XUV500 and Bolero.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal