Maruti, Mahindra, Tata Motors post double-digit sales growth

While MSI reported 14.2 per cent increase in domestic sales at 1,37,900 units in February, M&M’s domestic sales grew 20 pc at 48,473 units as against 40,526 units in the year-ago period. Tata Motors reported 38 pc jump in domestic sales at 58,993 units, led by strong sales in commercial and passenger vehicle (PV) segments. Its PV sales stood at 17,771 units as against 12,272 units in Feb’17, up 45 pc. “We recorded a strong growth of 45 per cent, a robust sales performance on the back of our new generation products – Tiago, Tigor, Nexon and Hexa,” Tata Motors’ President - Passenger Vehicles Business Unit - Mayank Pareek said. Hyundai Motor India Ltd, the country’s second largest car manufacturer and the number one car exporter since inception registered the domestic sales of 44,505 units and exports of 10,917 units with cumulative sales of 55,422 units last month. 

On the other hand, Ford India reported a marginal decline in total sales at 23,965 units in Feb. Its domestic sales however, grew 8.43 pc to 9,041 units as 

against 8,338 units in the yearago month. MSI, the country’s largest car maker, reported 15 pc increase in total sales at 1,49,824 units as against 1,30,280 units in the year-ago month led by sales of the compact segment comprising Swift, Estilo, Dzire and Baleno. Sales of its utility vehicles rose by 13.8 pc to 20,324 units in Feb, from 17,863 units in the same month of 2017. In the commercial vehicles space, Hinduja flagship Ashok Leyland recorded 29 pc increase in total sales at 18,181 units in Feb’18. Mahindra’s CV sales last month jumped 28 pc to 20,946 units against 16,383 units in the same month of 2017. Tata Motors’ domestic sales of CVs in Feb grew 36 pc to 41,222 units compared to 30,407 units in the year-ago period, fuelled by robust infrastructural developments, fresh tenders in car carriers, coal movement and the petroleum sector. In two-wheeler segment, Bajaj Auto reported 31 pc jump in total sales at 3,57,883 units in Feb against 2,73,513 units in the same month last year. Overall domestic sales surged 35 pc to 2,14,023 units against 1,59,109 units in February last year. 

Royal Enfield, reported 25 pc growth in total sales at 73,077 units in February. It sold 58,439 units in February last year. TVS Motor domestic two-wheeler sales rose 33.5 pc to 2,30,353 units against 1,72,611 units in the year-ago month. Hero MotoCorp saw a 20 pc surge in sales at 6,29,597 units in Feb 2018 against 5,24,766 units in the corresponding month last year.