Will March 2013 record Indian auto sales growth after 3 months of decline
Will March 2013 record Indian auto sales growth after 3 months of decline. Domestic volumes of two wheelers, MCV and HCV, tractors continued to show negative growth of 2.8%, 35% and 3% respectively.
Mahindra & Mahindra, Maruti Suzuki and Hyundai are some of the large players in this segment. With launch of new age utility vehicle models like Rexton, Duster and Quanto, the utility vehicle segment has registered sales growth of 34.8% in February 2013. Domestic volumes of two wheelers, MCV and HCV, tractors continued to show negative growth of 2.8%, 35% and 3% respectively.
In all this turmoil the three wheeler segment did well to post a 1.35 volume growth for Feb 2013. Positive growth has been influenced due to sales of domestic passenger carriers, goods carriers in Feb 2013. However, positive growth can’t be expected to continue in the future as figures for Feb-Apr 2013 show a 4.55 decline due to economic slowdown, competition from LCV and SCV as also high financing costs.
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