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Auto companies see mixed results in July
Toyota Kirloskar July sales up 7 pc at 14,574 units
Toyota Kirloskar Motor reported a 7 per cent increase in sales at 14,574 units during July 2012. It had sold 13,592 units in July last year, TKM said in a statement.
TKM, a joint venture between Japan's Toyota Motor Corp and the Kirloskar Group, said the sales growth was mainly driven by its utility vehicles as car sales dropped during the month.
"We have registered a growth this month based on the strength of Innova and Fortuner sales. The Innova and Fortuner sales continue to grow with the increase in production. There has been a drop in sales of the Etios series, as we exported 1,488 units to South Africa," TKM deputy managing director.
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Auto companies see mixed results in July
GM India July sales down 23%
General Motors India posted 23.38 per cent decline in its sales at 7,285 units in July. The company had sold 9,508 units in the same month of 2011, General Motors India said in a statement.
The company sold 534 units of small car Spark, 4,354 units of hatchback Beat, 176 units of entry-level sedan Aveo and 501 units of luxury sedan Cruze last month.
It also sold 1,615 units of multi-purpose vehicle Tavera during the month.
"The sales are not on the expected lines as the market continues to remain sluggish due to high interest rates, high fuel prices and various other factors," General Motors India vice president P Balendran said.
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Auto companies see mixed results in July
Tata Motors sales up 15% in July
Tata Motors reported a 15 per cent increase in total sales at 74,159 units in July this year.
The company's domestic sales of commercial and passenger vehicles for the month grew by 18 per cent to 68,627 units against 57,990 units in July last year.
Tata Motors commercial vehicle sales in the domestic market stood at 42,387 units in July 2012 compared to 40,798 units sold in July last year, up 4 per cent, it said in a statement.
Light commercial vehicle sales were at 29,601 units, a growth of 19 per cent from 24,962 units sold in July last year, it added.
Medium and heavy vehicle sales stood at 12,786 units, down 19 per cent from 15,836 units.
Passenger vehicles sales were higher by 53 per cent to 26,240 units against 17,192 units sold in the same month last year, it added.
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Auto companies see mixed results in July
Ford India sales dip 22% in July
Car-maker Ford India posted a 22.18 per cent decline in total sales at 8,323 units in July. The company had sold 10,696 units in the same month last year, Ford India said in a statement.
Ford's domestic sales declined by 16.89 per cent to 6,236 units in the month from 7,504 units in July 2011, it added. Its overseas shipments fell by 34.61 per cent to 2,087 units from 3,192 units in the same month last year.
"With consumer confidence yet to recover from the effects of a recent hike in petrol prices, ongoing high interest rates and high inflation, the challenging market conditions continue unabated in India's auto market," the company said.
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Auto companies see mixed results in July
M&M auto sales up 18.73% in July
Auto major Mahindra & Mahindra reported a 18.73 per cent rise in sales at 47,059 units for July against 39,633 units in the same month last year.
The company's domestic sales stood at 42,799 units during the month against 37,323 units in July 2011, up 15 per cent, it said in a statement.
The passenger vehicles segment (which includes the UVs and Verito) registered a growth of 27.14 per cent at 22,011 units against 17,312 units in the year-ago period.
Exports in the last month grew 84.41 per cent to 4,260 units from 2,310 units in the same month last year, it said.
Commenting on the numbers, Mahindra & Mahindra chief executive (Automotive Division) Pravin Shah said: "We are happy to have achieved a growth of 19 per cent during July 2012 in spite of difficult and uncertain market conditions continuing."