There is no doubt that Audi and Mercedes Benz are competing for top spot in India. While sales figures of Q1 2014 placed Audi on top, industry is still awaiting Q2 sales figures as neither of them have revealed numbers yet.
Toyota Kirloskar Motors registered 12% growth in the month of June, thanks to their new cars – Corolla, Etios (sedan, hatchback and cross), and Innova. Now, the company looks forward to the upcoming festive season. Toyota is confident of car sales seeing a 6-7% increase by the end of this year.
Indian auto major Mahindra & Mahindra Ltd has revealed a special discount scheme exclusively for bank employees. Under this, bank employees are eligible for discounts/benefits of upto INR 26,000 on purchase of Mahindra four wheeler range of vehicles.
Country’s largest car-maker Maruti Suzuki India Limited (MSIL) has reported an increase in market share which has crossed the 45% mark for the first time in months. MSIL June 2014 market share increased substantially with special focus on first time buyers in the country and added demand for exchange schemes.
H1 2014 has been slow for the auto industry, but Skoda India has reported sales decline below the market average. Despite continues sales decline from January-June, Skoda wouldn’t be too disheartened as it focuses on reinventing itself as a premium vehicle brand here, focusing on sustainable profit over sales volume growth.
Where the two wheeler market in India is concerned, Hero MoroCorp and Honda Motorcycle & Scooter India continue to be in the lead. However, while Bajaj Auto occupied a third spot, its position has now been usurped by TVS Motors, as far as domestic sales is concerned.
Tata Motors Group global wholesales in June 2014 are noticeably lower than numbers reported in June 2013. However the decline is wholly attributed to decline in commercial vehicle sales in June 2014. Tata Motors and Jaguar land Rover sales improved for the month reporting sales growth.
What a difference a year makes. Last year this time Renault was posting robust sales overseas, as seen in Russia and India. That isn’t quite so true in regards to sales in India today.