Auto companies report healthy sales number for February (Roundup)

March 1st, 2012 - 8:33 pm ICT by IANS  

New Delhi/Chennai, March 1 (IANS) Major auto companies in India Thursday reported an average to healthy sales numbers for February, indicating a gradual recovery for the industry that was subdued by high interest rates and rising petrol prices.

Mahindra & Mahindra reported a 29.09 per cent increase in sales for the month under review at 43,087 units from 33,378 units sold in the corresponding month last year.

Domestic market sales grew by a 26.57 percent at 40,461 units during the month under review from 31,967 units in Febuaray, 2011. Exports zoomed by 86.11 percent at 2,626 units last month from 1,411 units sold overseas in the corresponding period of last year.

Tata Motors too reported good sales numbers for the month with a 19 percent rise in sales, including exports at 92,119 units. It had sold 77,543 units in the like period of 2011.

Domestic sales for the month under review rose 19 percent at 86,704 units from 73,039 units sold in the corresponding month of last year.

Exports of 5,415 vehicles were higher by 20 percent compared to 4,504 vehicles in February last year.

Segment-wise, the company reported an increase of 26 percent in domestic sales of commercial vehicles, which stood at 51,872 units from 41,130 units sold in February last year.

Domestic passenger car sales of Tata Motors and distribution offtake of Fiat cars in India grew by eight percent at 36,536 units from 33,751 units in the corresponding period of last year.

Sales of Tata Nanos were 9,217 units, higher by 12 percent compared to 8,262 units in February last year.

Passenger car maker Maruti Suzuki also reported a slow but steady increase of 6.5 percent in its monthly sales for February at 118,949 units from 111,645 units in the like period of 2011.

Domestic sales, which grew at a snail’s pace in January at 0.6 percent, were up 6 percent at 107,653 units from 101,543 units in the corresponding month of last year.

The exports during the month grew by 11.8 percent. The company shipped out 11,296 units from 10,102 units in February, 2011.

The medium compact segment, which has best selling models like Swift, Estilo and Ritz, saw a 31.1 percent rise in sales in the month under review at 27,899 units from 21,287 units in February, 2011.

Sales of cars such as Dzire grew by 58.8 percent at 15,068, while the SX4 in the sedan segment reported a 42.5 percent drop in sales at 2,033 units.

However, due to a fall in exports, Hyundai Motor’s February sales were down 0.3 percent at 51,855 units. It sold 52,007 units in the like period of 2011.

The largest passenger car exporter reported a sharp 22.3 percent fall in exports as it shipped only 15,050 units, down from 19,378 it sold overseas in February 2011.

The company’s domestic sales, however, grew 12.8 percent, the highest ever, at 36,805 units, up from 32,629 sold in the corresponding month of 2011.

In the two-wheeler segment, Hero MotoCorp reported a 11 percent increase in sales at 523,465 units from 472,055 units in the corresponding month of last year.

But TVS Motor’s total sales went declined by three percent at 172,061 units, down from 177,412 units sold in February 2011.

TVS Motor sold 168,996 two-wheelers and 3,065 three-wheelers last month as against 172,200 units and 4,212 units respectively in February 2011.

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