Car sales in India registers negative growth for Nov 2013

Vehicle sales were in the fast lane this festive season as bookings during Dhanteras and Diwali were on a positive note. The month of November however, saw auto sales continuing their downward spiral which has been evident ever since the start of this year.

Car sales in India continue negative growth for Nov 2013

Major automakers in the country have reported decline in sales. Maruti Suzuki India Limited (MSIL) has reported a 6% decrease in November sales, while Hyundai Motor India Ltd has reported a 4% decline during the past month as compared to the previous year. M&M and Tata Motors have stated that sales have dipped 33% and 42% respectively, while General Motors has seen sales fall by 14% during November.

Ford Motors and Honda were the only two companies to see marked improvement in sales, chiefly due to the two newly launched Ford EcoSport and Honda Amaze models which have been seeing increased demand.

MSIL domestic sales totaled 85,510 units. The company sold a total of 38,040 units of M800, Alto, A Star and WagonR, an increase of 3.7%, but this was countered by falling sales to the tune of 24% where compact models such as Swift, Estilo and Ritz were concerned as the company sold just 18,122 units in November. Exports of the company were also down from 12,318 units exported in November 2012 to 6,630 units exported in November 2013.

Auto analysts are not optimistic of any improvements in the near future, but expect a turnaround once the general elections are over and there is a sense of stability in the country