comscore Maruti, Mahindra, Honda post double-digit growth in car sales for May
News

Maruti, Mahindra, Honda post double-digit growth in car sales for May

Toyota Motor Corp saw a sales drop during the period.

  • Published: June 2, 2017 9:04 AM IST
Maruti Suzuki Swift beats Alto in sales

Auto majors Maruti Suzuki India Ltd, Honda Cars India Ltd and Mahindra and Mahindra Ltd posted double digit growth in the domestic sales of their passenger vehicles in May on the back of new models and utility vehicles. Ford also reported strong growth for the month while, Toyota Motor Corp saw its domestic sales drop during the period. Also Read - Ola to offer free oxygen concentrators to the needy

Also Read - Samsung Galaxy S20 FE Long-term Review

Also Read - OnePlus India partners American Express for cashback deals, EMI offers and more

Market leader Maruti Suzuki said its domestic sales increased by 15.5% during the month to 130,676 units, as against 113,162 units in May 2016. The company s sales were driven by the entry level cars, compact hatchbacks and utility vehicles (UV). Sales of its mini segment cars, including, Alto and WagonR, increased 18.1% to 39,089 units from 33,105 vehicles in the year-ago month.

The company said sales of the compact segment comprising Swift, Estilo, Dzire, Baleno and Ignis increased 10.1% to 51,234 units in May as against 46,554 units in the same month last year. Besides, sales of utility vehicles, including S- Cross and Vitara Brezza surged by 66.3% to 22,608 units. Mahindra and Mahindra posted 10.89% increase in domestic sales at 40,602 units last month compared with 36,613 units in May 2016. M&M President Automotive Sector Rajan Wadhera said the projections of a good monsoon and focused investments in rural sector is expected to spur demand.

We have a robust outlook for future… At Mahindra, we look forward to growth momentum on the back of our existing product portfolio as well as upcoming new products, he added. Wadhera further said the implementation of goods and services tax (GST) from next month will be a significant game changer, and hoped it would benefit the auto industry.

Honda Cars saw its domestic sales rise 13.3% to 11,278 units in May. We continue to receive strong demand for New City and Honda WR-V, said Yoichiro Ueno, president and CEO of Honda Cars India. The government s plan for timely rollout of GST and a better monsoon forecast will aid in sales growth in the coming months, he added.

Similarly, Ford India reported 16.64% rise in domestic sales at 6,742 units last month as against 5,780 units in May last year. On the other hand, Toyota Motor Corp. saw its sales dip by 13.48% to 10,914 units as against 12,614 units in May last year. Toyota Kirloskar Motor director and senior vice-president (sales and marketing) N. Raja said ambiguity surrounding the proposed GST structure made customers postpone vehicle purchasing plans.

We expect this impact to magnify in June 2017 until the customers have a clear understanding of the final pricing post the GST rollout, he added. Raja further said the company expected the government to review the proposed tax structure, under the GST regime, for greener vehicles such as electric, hybrid to achieve cleaner mobility solutions. We do hope the government will continue to extend the prevailing tax benefits for greener technologies which are purely based on the fuel efficiency and eco-friendliness, he added. Under the proposed GST rates, hybrid vehicles are to be taxed at 28% with 15% cess, same as that of other large luxury cars and SUVs. ALSO READ: Maruti aims to sell 3 lakh automatic cars annually by 2020

Under the GST, the tax incidence on hybrid vehicles will go up to 43% from the current level of effective tax rate of 30.3%. In the two-wheeler segment, country s largest two-wheeler maker Hero MotoCorp Ltd reported 8.7% increase in sales at 6,33,884 units in May.

Niche bike maker Royal Enfield (Eicher Motor Co. Ltd) reported a 24.87% jump in total sales at 60,696 units in May. It had sold 48,604 units in May 2016. India Yamaha Motor Pvt. Ltd reported 10.65% increase in sales at 69,429 units in May. Yamaha s senior vice-president (sales and marketing) Roy Kurian said the company has been able to serve customers needs of efficient technology and superior design.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: June 2, 2017 9:04 AM IST



new arrivals in india

Infinix Note 10
Infinix Note 10

10,999

Vivo Y73
Vivo Y73

20,990

OnePlus Nord CE 5G
OnePlus Nord CE 5G

22,999

iQOO Z3
iQOO Z3

19,990

Realme C25s
Realme C25s

9,999

Poco M3 Pro 5G
Poco M3 Pro 5G

13,999

Realme X7 Max 5G
Realme X7 Max 5G

26,999

Oppo F19
Oppo F19

18,990

Motorola Moto G40 Fusion
Motorola Moto G40 Fusion

13,999

POCO M2 Reloaded
POCO M2 Reloaded

9,499

OPPO A74 5G
OPPO A74 5G

17,990

Oppo A53s 5G
Oppo A53s 5G

14,990

Vivo V21 5G
Vivo V21 5G

29,990

Realme C25
Realme C25

9,499

Realme C21
Realme C21

7,999

Realme C20
Realme C20

6,799

Motorola Moto G60
Motorola Moto G60

17,999

iQOO 7
iQOO 7

31,990

Samsung Galaxy M42 5G
Samsung Galaxy M42 5G

21,999

Xiaomi Mi 11 Ultra
Xiaomi Mi 11 Ultra

69,999

Xiaomi Mi 11X Pro 5G
Xiaomi Mi 11X Pro 5G

39,999

Xiaomi Mi 11X
Xiaomi Mi 11X

29,999

Realme 8 5G
Realme 8 5G

13,999

Samsung Galaxy F02s
Samsung Galaxy F02s

8,999

Samsung Galaxy F12
Samsung Galaxy F12

10,999

POCO X3 Pro
POCO X3 Pro

18,999

Realme 8 Pro
Realme 8 Pro

17,999

Realme 8
Realme 8

14,999

Vivo X60 Pro Plus
Vivo X60 Pro Plus

69,990

Vivo X60 Pro
Vivo X60 Pro

49,990

Vivo X60
Vivo X60

37,990

OnePlus 9 Pro 5G
OnePlus 9 Pro 5G

64,999

OnePlus 9R 5G
OnePlus 9R 5G

39,999

OnePlus 9 5G
OnePlus 9 5G

49,999

Samsung Galaxy A72
Samsung Galaxy A72

34,999

Samsung Galaxy A52
Samsung Galaxy A52

26,499

Micromax In 1
Micromax In 1

10,499

Asus ROG Phone 5
Asus ROG Phone 5

49,999

Samsung Galaxy M12
Samsung Galaxy M12

10,999

Motorola Moto G30
Motorola Moto G30

10,999

Motorola Moto G10 Power
Motorola Moto G10 Power

9,999

Oppo F19 Pro Plus 5G
Oppo F19 Pro Plus 5G

25,990

Oppo F19 Pro
Oppo F19 Pro

21,490

Xiaomi Redmi Note 10 Pro Max
Xiaomi Redmi Note 10 Pro Max

18,999

Xiaomi Redmi Note 10 Pro
Xiaomi Redmi Note 10 Pro

15,999

Xiaomi Redmi Note 10
Xiaomi Redmi Note 10

11,999

Realme Narzo 30A
Realme Narzo 30A

8,999

Realme Narzo 30 Pro
Realme Narzo 30 Pro

16,999

Infinix Smart 5
Infinix Smart 5

7,199

Samsung Galaxy F62
Samsung Galaxy F62

23,999

Samsung Galaxy A12
Samsung Galaxy A12

12,999

Nokia 5.4
Nokia 5.4

13,999

Nokia 3.4
Nokia 3.4

11,999

Realme X7 Pro 5G
Realme X7 Pro 5G

29,999

Realme X7
Realme X7

19,999

Vivo Y31
Vivo Y31

16,490

Oppo Reno5 Pro 5G
Oppo Reno5 Pro 5G

35,990

Samsung Galaxy S21 Ultra 5G
Samsung Galaxy S21 Ultra 5G

1,05,999

Samsung Galaxy S21 Plus 5G
Samsung Galaxy S21 Plus 5G

81,999

Samsung Galaxy S21 5G
Samsung Galaxy S21 5G

69,999

Vivo Y12s
Vivo Y12s

9,990

Vivo Y51A
Vivo Y51A

17,990

Samsung Galaxy M02s
Samsung Galaxy M02s

8,999

Xiaomi Mi 10i
Xiaomi Mi 10i

21,999

Oppo A15s
Oppo A15s

11,490

Tecno Spark 6 Go
Tecno Spark 6 Go

8,499

Vivo V20 2021
Vivo V20 2021

24,990

Vivo Y20A
Vivo Y20A

11,490

Xiaomi Redmi 9 Power
Xiaomi Redmi 9 Power

11,999

Motorola Moto G9 Power
Motorola Moto G9 Power

11,999

Motorola Moto G 5G
Motorola Moto G 5G

20,999

Vivo V20 Pro
Vivo V20 Pro

29,990

Xiaomi Mi 10T
Xiaomi Mi 10T

35,999

Xiaomi Redmi 9i
Xiaomi Redmi 9i

8,299

Xiaomi Mi 10T Pro
Xiaomi Mi 10T Pro

39,999

Infinix Hot 10
Infinix Hot 10

9,999

Vivo V20 SE
Vivo V20 SE

20,990

Vivo V20
Vivo V20

24,990

Micromax In 1b
Micromax In 1b

6,999

Micromax In Note 1
Micromax In Note 1

10,999

OnePlus 8T
OnePlus 8T

42,999

Samsung Galaxy F41
Samsung Galaxy F41

15,499

Apple iPhone 12 Pro Max
Apple iPhone 12 Pro Max

1,29,900

Apple iPhone 12 Pro
Apple iPhone 12 Pro

1,19,900

Apple iPhone 12 Mini
Apple iPhone 12 Mini

69,900

Apple iPhone 12
Apple iPhone 12

79,900

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

13,999

Oppo F17
Oppo F17

16,990

Samsung Galaxy M51
Samsung Galaxy M51

22,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Best Sellers