Maruti and Toyota zoom to double-digit Nov growth
Maruti Suzuki India, Toyota and Renault posted double digit sales growth in November even as companies like Mahindra, Ford and Honda saw sales drop as walk-ins at dealerships declined on account of demonetisation of high value currency.
Volkswagen also reported robust sales during last month.
Maruti Suzuki’s domestic sales stood at 1,26,325 units, up 14.2 per cent as against 1,10,599 units in November 2015.
The sales of its mini segment cars including Alto and WagonR increased by 8.1 per cent to 38,886 units as compared to 35,981 units in the same month a year ago.
Sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased 10.8 per cent to 49,431 units in November this year as against 44,626 units a year ago.
Utility vehicles consisting of Gypsy, Grand Vitara, Ertiga, S-Cross and compact SUV Vitara Brezza surged 98.1 per cent to 17,215 units in November this year, from 8,688 units in the corresponding month last year. Toyota Kirloskar Motor also reported 10.03 per cent rise in domestic sales at 11,309 units in November. The company had sold 10,278 units in November last year.
“November has been a very exciting month for us as we launched one of the most anticipated products of the year -- the all new Fortuner. We are overwhelmed by the response it has received with over 6,200 bookings already,” TKM Director and Senior VP, Sales and Marketing, N Raja said.
The Innova Crysta and the Platinum Etios have also done really well this month with the Crysta clocking more than 50,000 units in just six months of its launch in India, he added.