Sales Figures News

The Kia Seltos was launched in August this year at a highly competitive price of Rs. 9.69 lakh (ex-showroom, India). The compact SUV has been a long-awaited model and marked the South Korean carmaker's entry in India. While the model garnered over 32,000 bookings at the time of launch, the first sales report is out for the Kia Motors India and the brand sold 6200 units of the Seltos in its first month of sales, according to the date reported to SIAM. That's an overwhelming number for the SUV and the automaker, which has managed to outsell a number of old players including Ford and Renault.

TVS registered sales of 290,455 units in August 2019 as against and 343,217 units in the month of August 2018. The company sold 279,465 in July 2019, resulting in a growth of 4 per cent, month-on-month.

Maruti Suzuki India today announced achieving a new sales milestone in its utility vehicle segment. Sales of the company's popular models Maruti Suzuki Vitara Brezza subcompact SUV, the Ertiga MPV, and S-Cross premium crossover have collectively breached the one million (10 lakh) units sales milestone in India.

Bajaj Auto sees a massive drop of 21 per cent in domestic sales for the month of August 2019.

Suzuki Motorcycle India Private Limited posts minor positive gains in August 2019 sales amidst a growing slowdown in the Indian auto industry.

Chennai-based motorcycle maker Royal Enfield reported a decline of 24 per cent in monthly sales for August 2019. The manufacturer sold 52,904 units last month, as against 69,377 units in August last year. RE's volumes have been on a consistent decline, having fallen below 50,000 units in July this year, for the first time in three years. While sales have improved month-on-month, the volumes are still alarmingly low for the company. With respect to year-to-date sales, parent company Eicher Motors reported a sale of 290,798 units between April-August 2019, a 20 per cent dip in volumes over 363,801 units dispatched during the same period last year.

The auto industry continues to face the heat of the economic slowdown that has affected the sector for nearly ten months. The sales reports of August 2019 saw a major drop in volumes with major players including Maruti Suzuki, Tata Motors and Hyundai reporting a drop of 34.4 per cent, 58 per cent and 16.58 per cent respectively. The top six manufacturers dispatched a total of 171,193 vehicles to dealerships in August this year, registering a 34 per cent drop in volumes, when compared to the 259,925 vehicles that were dispatched in August last year. Meanwhile, top two-wheeler makers Hero and Bajaj have registered a plunge of 20 per cent and 13 per cent respectively in sales. The manufacturing figures and the piling inventories are alarming and has been described as worrisome by SIAM President, Rajan Wadhera.

India's largest two-wheeler manufacturer Hero MotoCorp reported a decline of 20.6 per cent in sales for August 2019. The company sold 543,406 units last month, as against 685,047 units sold in August last year. While the company registered a 1.5 per cent increase in volumes over July this year (535,810 units), the lower year-on-year sales are a result of the economic slowdown that is giving the auto industry a hard time. While sales have been restricted, Hero has commenced a number of after-sales and service initiatives to keep customers happy.