Car companies loaded up inventories at dealerships ahead of December, looking to clear 2017 stocks as the new year approaches.
Wholesale data released showed most of the companies reporting a double-digit growth rate in deliveries to retail points. December is usually a comfortable retail-sales month as companies throw in heavy discounts to clear stocks.
Maruti Suzuki reported 14% growth in numbers at 1.4 lakh against 1.3 lakh units in the same month in the previous year. The company has been witnessing healthy demand for models like Brezza mini SUV and Dzire sedan and is now eyeing R&D for electric vehicles.
Hyundai, which plans to carry out a feasibility of a mini electric car, also witnessed double-digit growth in volumes. The company’s sales in November stood at 44,000 units against 40,000 units in the same month in the previous year, showing a growth rate of 10%.
Tata Motors, which has launched a series of new cars, reported 35% growth with sales crossing 17,000 units. This was more than compatriot Mahindra & Mahindra, which had a 21% rise in numbers on sale of 16,000 passenger vehicles.
Honda Cars saw 47% growth in volumes and its sales in the month stood close to 12,000 units against 12,700 units in November 2016.