The Indian economy, which is suffering a slowdown due to the Kovid-19 epidemic, has received a sigh of relief from the auto sector. Retail sales of companies such as Maruti Suzuki India, Hero Moto, Hyundai and Tata Motors have been better in Navratri this year compared to the same period last year. These companies say that during Navratri this year, their sales have increased due to the suppressed demand of the last few months. Hyundai, Hero MotoTo have the highest lifetime delivery dealers in India in October. Buying new items and property in Navratri is considered auspicious.
Hero sold 8,06,848 units
Sentiment has improved due to Navratri and Diwali. Hero Moto Corp has sold 8,06,848 units of bikes and two-wheelers in October 2020. This is the highest one-month sale till date. Hero MotoCorp has registered a growth of 35% in October 2020 this year as compared to last year October 2019.
Sales of Maruti, the country’s largest car company, rose by 27 per cent to 96,700 units in Navratri. Shashank Srivastava, executive director (sales and marketing), Maruti Suzuki, said, “Our sales in Navratri have been 96,700 units, higher than last year. Last year, Maruti sold 76,000 vehicles in the same period.
Maruti sales rose 18.9 percent in October
Sales of Maruti Suzuki India (MSI), the country’s largest car company, rose 18.9 percent to 1,82,448 units in October. In the same month last year, the company sold 1,53,435 vehicles. According to a statement issued by the company, its sales in the domestic market increased by 19.8 percent to 1,72,862 units from 1,44,277 units in October, 2019.
To increase demand, government may bring another relief package before Diwali, Modi government is preparing
Hyundai Motor India’s retail sales up 28 percent
Similarly, Hyundai Motor India’s retail sales rose by 28 per cent to 26,068 units in Navratri. Tata Motors sales grew 90 per cent to 10,887 units from 5,725 units in the same period last year. The company sold 6,641 utility vehicles and 4,246 cars during the period. Last year, the company sold 3,321 cars and 2,404 unit vehicles during this period. Vivek Srivats, marketing head of Tata Motors’ passenger vehicle business unit, said, “Despite the slowness caused by the epidemic, the company’s all-new” Forever series of cars and utility vehicles have shown good growth in demand and bookings.
Kia Motors sales up 224 percent
During the ten-day period of Navratri, Kia Motors sales rose by 224 per cent to 11,640 units. At the same time, sales of Toyota Kirloskar Motors also jumped. Naveen Soni, senior vice-president (sales and service), Toyota Kirloskar Motors, said, “Our sales in Navratri have been around 5,000 units, which is about 13 percent more than the same period last year.
Vijay Nakra, chief executive officer (automotive division), Mahindra & Mahindra, said, “Our bookings in the SUV category have increased by 41 per cent on Navratri this year. Overall (including pick-up and small commercial vehicles) our sales have been nearly 20 percent higher than the same period last year. Honda Cars India said its retail sales increased by 10 per cent on Navratri.
MG Motor sales up six percent at 3,750 units
MG Motor India retail sales rose six per cent to 3,750 units in October. The company sold 3,536 vehicles in the same month a year ago. A statement issued by the company said that sales of its SUV Hector reached 3,625 units in October. This is the highest monthly sales figure for this vehicle. Hector sales were 2,410 units in September 2020. In this way, Hector sales have increased by 50 per cent in October compared to September.
The company said that its recently introduced premium SUV Gloster received good response. The company has so far received 2,000 bookings for this vehicle. Rakesh Sidana, director (sales), MG Motor India, said, “We expect this growth trend to continue in November due to Diwali.” We are increasing supply to meet the increasing demand.
Sales of Maruti, Hyundai, Tata Motors and other auto companies caught pace in Navratri