Auto sales zoomed in December with a growth of eight percent. New launches, year-end discounts as well low fuel prices helped sales improvement in the month gone by compared to same period in 2014.
Here is how companies fared in December:
Maruti Suzuki – Indi’s largest car maker reported a 13.5 percent increase in its domestic sales to 1.11 lakh units sold year-on-year. However, a fall in exports by 33.1 percent to 7,816 units restricted growth. The company’s compact sales improved by 14 percent aided by the newly-launched Baleno and super compact segment grew 115.6 percent supported by Dzire. In utility vehicles segment, 58.8 percent growth was supported by its S-Cross launched in August.
Hyundai’s domestic sales rose by 28.78 percent to 41,861 vehicles in the month of December, which was mainly supported by strong performance of Grand i10, Creta and Elite i20.
Eicher Motors saw a 44.3 percent improvement in its commercial vehicle sales to 5,068 units compared to 3,512 units in a year0ago period. However, Eicher’s Royal Enfield production was impacted due to flood in Chennai.
Mahindra & Mahindra disappointed the street with four percent growth on back of subdued domestic sales in December. However, the bright star was exports which grew by 65 percent to 3,076 vehicles in the month gone by. Passenger and commercial vehicle segments grew by one percent, but the medium & heavy commercial vehicle sales grew by 74 percent to 528 vehicles. The tractor sales also imporved by three percent to 12, 868 units supported by domestioc sales, which grew four percent to 11,686 units.
Ashok Leyland reported a 31.4 percent increase in total sales to 12,209 units in December compared to 9,290 vehicles in same month in 2014. Medium & heavy commercial vehicle sales jumped 35.33 percent to 9,758 vehicles and light commercial vehicles grew by 17.83 percent to 2,451 units in December.
Ford – The company’s domestic sales increased 57.8 percent to 5,924 units compared to 3,754 units in the same period year ago.