Motown : August 2017

Indian passenger vehicles sales rose in August, with dealerships stocking up to meet the autumn festive-season demand and beat the deadline to the proposed increase in the additional GST cess on bigger vehicles.

Market leader Maruti Suzuki was at the vanguard of the industry's expansion, with a 26% increase in wholesale volumes at 1,51,270 units in August, compared with 1,19,906 units sold in the corresponding period of the last financial year.

Maruti's Korean rival Hyundai Motor India reported a 9% rise in volumes to 47,103 units, paced by demand for the newly launched sedan Verna.

At Tata Motors, new launches Hexa, Tiago and Tigor helped increase volumes 10% to 14,340 units last month.

At Mahindra & Mahindra, the company will post strong growth, harnessing a diversified product portfolio over the next few months. The company registered a growth of 6% to sell 19,325 units in August.

Production constraints, however, dragged down volumes at Toyota Kirloskar Motor and Ford India, which registered declines of 6% (to 12,017 units) and 9% (to 7,777 units), respectively, in August.

Toyota has witnessed a 40-50% jump in customer orders this month after the announcement on the increase in the cess. Enquiries continue to be significantly high, although production constraints stand in the way of meeting consumer demand.

Two-wheeler makers also did well in the month under review. Midsize motorcycle manufacturer Royal Enfield saw volumes increase 22% to 67,977 units in August. TVS Motor reported a 16% rise in sales at 3,09,146 units. Suzuki Two-wheelers also registered a 54% increase in wholesale dispatches at 56,745 units.

Hero MotoCorp registered record sales of 6,78,797 units in August, an increase of 10% over the year-ago period. Rival Honda Motorcycle & Scooter India too reported growth of 26% to sell 6,22,180 units during the month.

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