Latest News
- Iconic Porsche Race Cars To Take Center Stage At Southern California Event
- Hagerty Enhances Community Support With Grants And Volunteer Initiatives In 2024
- Volvo Cars Reports 8% Increase In Q1 2024 Core Operating Profit To SEK 6.8 Billion
- 2025 BMW I4 And 4 Series Gran Coupe Boast Fresh Designs And Cutting-Edge Tech
- Hyundai And Dutch Government Join Forces To Advance Smart Mobility Solutions
- WeatherTech Raceway Laguna Seca Embarks On New Partnership With Array Sports
- Nissan Formula E Team Sets Sights On Victory At Monaco's Legendary Circuit
- Toyota Women Leaders Shine At National Manufacturing Awards
- Bridge Of Weir And CALLUM Forge Strategic Partnership For Design Excellence
- Mercedes-Benz Electrifies With The New G-Class Launch In Los Angeles
Car Sales Pick Up During Festive Season: Deliveries At Peak During Dhanteras
The auto industry has some reason to celebrate this festive season. Sale have risen between 5 and 7 percent this Navratri, Dussehera, and Dhanteras, as compared to sales figure from the same time last year.
According to Economic Times Auto, The increase in sales comes months after sales have continuously dropped by double digits during the months between April to September. Two-wheeler haven’t seen as much of a festive increase, however performance has improved over previous months.
Maruti Suzuki India Limited and Hyundai India registered a 7 per cent and a 10 percent growth respectively, during the Navratri and Dussehera period. Deliveries made on Dhanteras exceeded growth from the last year. Mahindra registered a 100 per cent increase in sales of utility vehicles on Dhanteras.
Maruti
Suzuki
delivered
over
60,000
cars
during
the
10
day
period
between
Navratri
and
Dussehera.
Hyundai
Motor
delivered
over
25,000
cars.
Dhanteras
saw
the
companies
deliver
over
45,000
cars
and
roughly
14,000
cars
respectively.
Mr Shashank Srivastava, the Executive Director for Sales & Marketing at Maruti Suzuki, said, “The absolute retails in Navratri and Dussehera were higher than 10-day festivities in the previous year and the momentum has continued for Dhanteras.”
“There is definitely a much better sentiment in the market place, but one can also say that market has revived only after seeing the momentum in the next few months,” he added.
The festive season that starts with Navratri and ends with Diwali accounts for double the monthly average (of the year) in terms of sales for two and four-wheelers. A majority of the demand is from the North East (55 percent).
Mr
Vikas
Jain,
the
Head
of
National
Sales
at
Hyundai
Motor
India,
said,
“Compared
to
last
year,
the
retail
is
up
by
30%
approximately
on
Dhanteras.
While
in
October
things
have
looked
up
compared
to
last
month,
compared
to
October
2018,
industry
will
still
be
negative
by
7
to
8%.
Also,
this
time
all
segments
have
moved
up.
And
other
positive
is
both
urban
and
rural
markets
have
grown.”
Demand has increased in the luxury segment as well. Mercedes Benz delivered 200 cars during the Navratri and Dussehera period, and sold an additional 600 units on Dhanteras. The company announced that its GLE SUV is sold out for three months. BMW India said its X7 SUV was sold out.
a and MG Motors delivered about 3,000 vehicles between them on Dhanteras.
The two-wheeler front saw Hero MotoCorp and Bajaj Auto say that market decline had been contained over the last month and that retail sales have started showing positive signs. Hero MotoCorp has witnessed slow, single-digit growth during the festive season.
Thoughts About The Positive Growth During The Festive Season
This is good news for the industry. However, sales were expected to go up during the festivities. There isn’t enough to predict if the growth will continue after the festive season. We think sales will drop after the Diwali period and will rise again sometime during February next year.