Although sales have been slower in the month of May 2017, the passenger vehicle segment has managed to record a positive growth
In anticipation of the revised tax structure under GST, sales in the month of May 2017 has been rather slow. Despite that, car makers have been able to record a positive growth in comparison to the same month last year. However, in certain cases, the numbers in May 2017 have dropped in comparison to April 2017. Here’s a closer look
Maruti Suzuki was the highest gainer in the month of May 2017. The Manesar-based car maker sold 1,30,248 units in the month as opposed to 1,13,162 units in the same month last year – a growth of 15.1 percent. Export sales for Maruti Suzuki, however, seem to have taken a hit as they could only manage to sell 6,286 units as opposed to 9,872 units in the same month last year.
Hyundai has managed to up its sales from 41,351 units in May 2016 to 42,007 units in may this year – a growth of just 1.6 percent in the month. Commenting on the May sales Rakesh Srivastava, Director – Sales and Marketing, HMIL said, “Hyundai volumes are 42,007 units maintaining the growth momentum in passenger vehicles on the strength of demand pull created by the ICOTY winner Grand i10, Elite i20, Creta and the newly launched All New Xcent registering a growth of 30% thus overcoming the challenges posted by the implementation of GST which will be a boon for the auto industry creating a single, seamless and large market with gains to customers .”
With sales of 11,278 units in the month of May 2017 in comparison to 9,954 units in the corresponding month last year, Honda has managed a respectable growth of over 13.3 percent. Leading the charge for the Japanese car maker is their popular C-segment sedan City which registered sales of 4,046 units. Their recently launched Jazz-based crossover WR-V is also bringing in decent numbers – 2,814 units in May. From their product portfolio, the Brio and BR-V struggle to make their presence felt on the sales charts with sales of 378 units and 870 units respectively. In addition to the aforementioned domestic sales tally, the company has also sent 498 units overseas.
Tata Motors’ passenger vehicle division recorded sales of 10,855 units in May 2017. The company had sold 8,617 units in the same month last year – thereby recording a growth of over 27 percent. Leading the charts for Tata Motors are the Tiago and the Tigor.
Mahindra hasn’t risen up the sales charts by a huge margin in the month of May 2017. The Nashik-based car maker could only sell 20,290 units last month as opposed to 19,635 units in the same month last year. This essentially results in a growth of just 3 percent. Exports, however, dropped drastically for Mahindra this month as they only sold 1,293 units, which is a noticeable 68 percent drop from May 2016 when the company sold 4,043 units.
As opposed to 5,780 units sold in May 2016, Ford managed to sell 6,742 units in May this year. While the domestic sales for Ford aren’t very impressive, it is the exports that really took us by surprise. The American car maker exported 16,761 units in May 2017 as opposed to 11,499 units in the corresponding month last year. This has resulted in a cumulative sale of 23,503 units for Ford in the May 2017.