Record 25K cars delivered on Dhanteras
The recession period has been over in India. Yes, it was proved on this Dhanteras when automobile industry registered a record selling of cars in a day.
According to a report, over 25 thousands cars were delivered by the leading car manufacturers on Dhanteras in India. It was the highest ever booking of cars in a day.
Maruti Suzuki recorded highest number of sale with over 8,000 cars in a day.
It was the highest sell in a day by the country's leading small car manufacturer.
Consumers moved out with full fervour and enthusiasm to beat the all speculations regarding recession on this Diwali.
Demand for cars was so high that dealers could not make deliveries to many customers on the same day. Actually small cars are an opportunity for middle class to display wealth in the festival season. On the occasion of Dhanteras, an auspicious day on the Hindu calendar two days ahead of Diwali, it becomes more significant to bring new vehicle in the house.
The unexpected delivery of cars has also shown impact on BSE and its sensitive index were reportedly trading in green zone.
Second hand auto market in India is rejoicing again. Second hand car dealers have seen a robust demand in the market for pre-owned cars in past 9 months. With the fear of recession taking a back seat, financers and banks have also relaxed their financing norms and are readily offering finance to salaried and self-employed.
There’s been no adverse impact on sale of pre-owned cars sold through Maruti True Value. In the first quarter, Maruti True Value pre-owned car sales grew by 20% and in the second quarter, the momentum continued with sales in excess of 42,000 units, with growth accelerating to 34%,” said a Maruti spokesperson. Maruti owns True Value chain of retail outlets for its second-hand cars. Chevy OK is owned by General Motors that sells Chevrolet cars through its retail stores. There are currently 22 outlets which GM India intends to expand up to 30 by December 2009.
Second hand car dealers are optimistic about sales picking up in coming months and look forward to doing better business than last year. “Sales have really picked up from the first week of September. Growth is coming mainly in the small car category,” said a Chennai-based pre-owned car dealer.
October to Spell Out ‘Highest Sales Figures Month’ for Auto Companies
Nearly all auto manufactures in India are expected to post their highest sales in the current year in the month of October. Car sales have jumped more than 30 percent in October 2009 as compared to the same month last year. Customer sentiments are strong in the market and October sales are expected to surpass the September 2009 figures as well which was 1.67 lakh passenger vehicles last month.
There had been a strong demand in the market during the festive season in October and inventories have not only depleted but there is a waiting period of 20 days to 4 months on various models from different auto manufacturers. Maruti Suzuki India Limited sells every second car in the country. It expects a net jump of at least 25 percent over October 2008 sales figures. “We shall definitely cross the 25% growth mark this month. Despite production constraints, affected by some labour issues at few of our vendors, we expect handsome gain in sales,” said Maruti chief general manager (marketing) Shashank Srivastava.
Auto industry in India also expects better performance figures for 2009-2010 as bank have also reduced their interest rates. The government had also revised tax reliefs on small cars apart from availability of easy finance schemes. “It was one of the most timely steps that revived demand and customer sentiment,” said Society of Indian Automobile Manufacturers’ (SIAM) director general Dilip Chenoy. As the sales remain robust in India, demand is expected to grow further supported by strong customer sentiments.
General Motors India today reported 15% increase in sales during October at 7,413 units, against 6,465 units in the same month last year.
The company said the increase in sales was driven by its Chevrolet brand and there are pending orders which could not be delivered due to supply constraints of some of the parts.
"We are pleased to see such robust growth for all our car lines and we believe these world class products will further propel the Chevrolet brand in the market," GM India Vice- President P Balendran said.
During the month the company sold 4,231 units of the Chevrolet Spark, 1,161 units of the Chevrolet Tavera, 599 units of Aveo U-Va, 337 units of Aveo, 163 units of Chevrolet Optra, 110 units of the Chevrolet Captiva and 812 units of Chevrolet Cruze.
Skoda Auto India today reported 98 per cent jump in its October sales at 1,753 units as against 887 in the same month last year, the
company said in a release.
SkodaAuto India is a wholly owned subsidary of SkodaAuto of the Czech Republic and is part of the Volkswagen Group.
The company sells premium sedans such as Octavia, Superb along with the high-end hatchback Fabia in India
The country's largest car maker Maruti Suzuki India today reported a 32.45% jump in total sales at 85,415 units in October compared to the same period last year.
Sales in the domestic market grew 21.01% to 71,551 units in the last month from 59,127 units in the same month last year, while exports rose over two-fold to 13,864 units compared with 5,363 units in the year-ago period, Maruti Suzuki India (MSI) said in a statement.
Sales of the company's oldest and once bread-and-butter model M800 declined by 5.53% at 3,124 units from same period last year, while A2 segment (comprising Alto, Wagon R, Estilo, Swift, A-Star and Ritz) witnessed a growth of 18.43% at 51,437 units compared to same period last year.
Sales in the A3 segment (consisting of SX4 and DZiRE) increased 62.68% to 8,804 units compared with 5,412 units in the corresponding period last year, the company said.
MSI's passenger car sales in October rose 21.99% at 71,383 units against 58,515 units in the same month in 2008, the statement said.
The passenger vehicles business reported a total sale and distribution offtake of 22,232 nos. (20,011 Tata + 2,221 Fiat) in the domestic market in October 2009, a 28% increase compared to 17,378 nos. (17,014 Tata + 364 Fiat) in October last year, and the highest this fiscal. Sales of Tata cars, at 17,557 nos. were also the highest this fiscal, and grew by 25% over October 2008. The sales of the Tata Nano were 3,018 nos. The Indica range sales were 9,640 nos., a growth of 2% over October last year. The Indigo range recorded sales of 4,899 nos., a growth of 6.1% over October last year, reversing the decline after seven months due to the launch of the next generation all-new Indigo Manza. The Sumo/Safari range accounted for sales of 2,454 nos., lower by 16% over October last year.
Jaguar Land Rover sales continued their upward trend since launch in June.
Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 133,693 nos. (118,579 Tata + 15,114 Fiat), against 117,714 nos. (114,943 Tata + 2,771 Fiat) last year, a growth of 13.6%. Cumulative sales of the Nano are 10,518 nos. Cumulative sales of the Indica range at 66,508 nos., reported a growth of 13%. Cumulative sales of the Indigo family are 23,397 nos., lower by 25%, but will now grow due to the launch of the Indigo Manza. Cumulative sales of the Sumo/Safari range are 18,156 nos., lower by 26%.