Published: Sat, December 02, 2017
Medicine | By Brett Sutton

Suzuki Two-Wheelers Clocks 39% Domestic Sales Growth In November 2017

Suzuki Two-Wheelers Clocks 39% Domestic Sales Growth In November 2017

Bringing up the rear are the two vans, the Omni and the Eeco which together sold 13,565 units, up 10.8 percent (November 2016: 12,238). Exports, on the other hand, have seen a marginal growth of 0.8 per cent with 9,300 units compared to the 9,225 units exported during the same month past year.

The company's domestic sales during the month stood at 145,300 units, compared with 126,325 units in November a year ago, representing a rise of 15%.

Industry experts had cited streamlining of dispatches by automakers post festivals for the fall in October sales.

The company's domestic sales increased by 21 per cent to 36,039 vehicles during November 2017, as against 29,869 vehicles sold during November 2016.

Market leader Maruti Suzuki reported a 14.3% year-on-year rise in domestic sales to 144,297 units in November. The company exported 686 units of the Etios series this month, clocking a total of 13,420 units. Sales in Domestic market, however, was much better with the company's registering a 13 per cent growth with 12,734 units in November 2017, against the 11,309 units sold during the same month previous year. Also, while demand for Toyota flagship hybrid auto, the Camry hasn't seen any major up lift, the company is optimistic customers will understand and appreciate the benefits of clean & green-friendly HV (Hybrid Vehicle) technology. The i10 and i20 hatchbacks, and compact sports utility vehicle (SUV) Creta also drove sales, he added. The compact vehicle segment under the passenger vehicles showed an impressive growth of 32.4% to 65,447 units.

Mahindra, which sold 16,030 units vehicles, expects the momentum to continue on the back of its strengthened product portfolio, said Rajan Wadhera, its president for the automotive sector. Honda Cars India's sales rose 19% 11,819 units. Yoichiro Ueno, president and CEO at the firm, conceded that "the market is still to recover fully from GST-related changes affecting consumers at large", while adding that sales in November 2016 had been severely affected by demonetisation. The company is "confident of maintaining this sales momentum getting into 2018, despite macroeconomic indicators suggesting volatility in inflation and crude prices impacting industry growth over the near to medium term", he added. A reading above 50 indicates growth. "Keeping the growing demand in mind, we have ramped up production of the Nexon", said Mayank Pareek, president of the passenger vehicles business.

The industry's sales momentum is also seen as certain to continue in December, again helped by the low base effect of a year ago, when currency circulation was hit after demonetisation.

Let's take a closer look at how the company fared in the domestic market in November 2017.

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