INDIA: Some automakers see December sales fall
Automakers in India ended 2012 on a dull note with some reporting a year on year drop in sales for December.
Fiscal year (from 1 April) volume was up 7% to 827,725 overall with exports off 3.3% to 85,550.
The Hindu Business Line, meanwhile, reported that the country’s largest exporter and second largest car manufacturer Hyundai Motor India (HMIL) sold 47,833 units in December, down 2.5% (49,050 units in December 2011).
Tata Motors’ total sales (including exports) of commercial and passenger vehicles in December were 65,582 units, down 20% year on year.
General Motors India’s sales also fell to 7,067 vehicles from 9,039 in December 2011.
“Despite offering various schemes on purchase of every car, the market continues to remain depressed on account of various negative factors including high interest rates and poor economic conditions,” vice president P Balendran told The Hindu.
Commercial vehicles manufacturer Eicher booked 20% lower sales at 4,032 units in December compared to 5,051 units in December 2011.
M&M sales grew 6% to 45,297 units in December due to a new SUV line.
Honda Cars India sold 4,242 units during the month versus 1,072 units last December — mainly due to its new small Brio car model.
Ford India saw a 42.2% rise to 10,899 units.
Renault India booked 5,924 units in December, compared with just a few hundred the previous year.
Mercedes Benz, which announced only full-year data, sold 7,138 units in 2012, down 4%.
Skoda’s sales rose 13% to 34,678 units. Managing director Sudhir Rao said: “The Rapid steered our sales for this year and will continue to be one of our prime offerings in the year ahead."
The old adage 'win on Sunday, sell on Monday' attributed to Ford's return to racing in the US in the early 1950s* has been given a new twist by Hyundai. The company doesn't want to be the world's bigg...
Suzuki is launching its redesigned SX4 - its predecessor was developed and built jointly with Fiat - but the name might not stick in Europe because the new model is vastly different from the outgoing ...
Maruti Suzuki has decided to increase the use of local components in its vehicles as the decline of the rupee raises the cost of imported parts....
Hyundai Motor has announced that its subsidiary, Hyundai Motor CIS, has provided more than 1,000 vehicles for use during the XXVII World Summer Universiade games in Kazan, Russia....
Singapore-based investment holding company, Gallant Venture, is offering to buy out minority investors in Indomobil Sukses International in an effort to consolidate control of one of Indonesia's large...
Sales of utility vehicles, including Renault's popular low-cost Duster compact SUV, have been strong in an otherwise dismal year for the Indian auto industry where passenger car sales fell for the sev...
A more favourable exchange rate and inadequate supply from South Korea has resulted in Kia Australia switching Sportage SUV sourcing to Slovakia....
- ANALYSIS: ZF puts in place a growth strategy
- THE WEEK THAT WAS: Big fish eaten by bigger fish
- THE WEEK THAT WAS: More musical chairs
- ANALYSIS: Mercedes-Benz future model plans
- VEHICLE ANALYSIS: MY2014 Peugeot 2008 1.2 VTi 82
- PARIS DEBUTS: Kia Optima diesel hybrid concept
- ZF to buy TRW after $13.5bn deal agreed
- Largest Rolls-Royce order ever bound for Macau
- Jaguar launches India assembled XJ
- Alliance re-thinking EV battery strategy - report
- Global Carsharing Market 2014-2018
- Bayerische Motoren Werke Aktiengesellschaft (BMW) - Financial and Strategic SWOT Analysis Review
- PLDB - vehicle cycle plan database (annual subscription)
- OLED Display Forecasts 2014-2024: The Rise of Plastic and Flexible Displays
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn