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Auto Companies Sale Gains In Nov
The most beneficiary auto companies are Maruti, Hyundai, Hero Honda and M&M while Tata Motors has to regret over the sale increase. Maruti posted its one lakh unit this month consecutive for two months and the sale volume stood at 102503 units in the domestic market. This indicates a rise in the Indian automobile industry growth by 34.2% from its sale in the same month of 2009 (76359 units).
The auto companies consultant agent Angel Broking said the growth has been on the expectations but not matching the previous month performance. Auto Companies like Tata Motors could muster the sale rise by just 1% making an overall fall of Nano sale due to issues related to supply chains. However, Tata Motors has done well in commercial and passenger vehicle sale in the domestic market with 50419 units in November against 50114 units in the last year.
Hyundai Motors has received sale of 31540 units against 28162 units making a rise by 12% in the one year period. Hyundai attributed its sale rise to the festival demand for its products despite the shutdown for maintenance, said its Director for marketing and sales. General Motors got the rise of 17.67% with selling 8376 units against 7118 units in 2009 while M&M got 18% rise by selling 26666 units.
The situation in the two wheeler segment of the auto companies indicated the mastery of Hero Honda which received a rise by 10.48% with the sale of 421366 units in November against 381378 units in 2009. This feat is a continued stint for the company for the past 7 months which made a remarkable contribution to the overall growth, said auto company VP for marketing.
TVS Motors too received a good response during this month by selling 157041 units making a rise by 29% from its sale in last year same month. Yamaha India mustered a sale of 30310 units making a rise by 77% from its 14393 units done in last year.
M&M two wheelers moved with a rise of 125% by selling 15854 units from its last year"s 7020 units. M&M"s farm sector equipment division got a sale rise of 43% in its tractor sale with 17993 units. Volvo Group Eicher Motors recorded an 18% rise by selling 2703 monthly units in this month.
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