However, its exports rose by a modest 1 per cent year-on-year to 10,225 units. However, compared to the company’s handsome 24.7 percent year-on-year growth in October 2015 with sales of 121,063 units, November sales seem slightly muted albeit Diwali sales had much to contribute to that high number.
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With this the Company has sold a total of 949,697 units, a growth of 13.6%, for the period April-November 2015-16 over corresponding period of previous year. The volumes were led by the compact auto models including the newly launched Baleno, Swift, Celerio and DZire.
Mumbai: Shares of automobile companies gained about 2 per cent in early trade on Monday on hopes of strong monthly sales figures to be released on Tuesday and inclusion of Maruti Suzuki, Tata Motors and Ashok Leyland to the MSCI India index. In a bid to boost sales, the local arm of the Japanese car-maker launched new variants of the WagonR last month with an automated manual transmission. Mahindra’s domestic sales were also up 23% to 39,383 units last month. The Dzire Tour cab also saw good numbers of 3,363 units, up 69 percent (November 2014: 1,989).
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The cheating emission scandal ridden Volkswagen India too reported 49.5 per cent decline in sales last month as customers shied away from buying its range of models. It sold 10,278 units compared with 12,175 units a year ago, down 15.58 per cent. With the positive economic outlook, auto industry would grow, he said. “However, there are two key risk factors going forward which might impact the growth; one is subdued rural demand and second is potential increase in inflation”, he added.
