India's biggest car makers, Maruti India, Toyota Kirloskar Motor & General Motors India, reported decline in domestic sales in the month of April as demand are low due to unfavorable economic conditions. Other manufacturers like Hyundai Motor India, Honda Cars India & Ford, reported increase in sales in the month of april due to launch of new models by them.
India`s biggest carmaker Maruti Suzuki India (MSI) reported 12.6 % decline at 79,119 units (April Month). Sales of maruti cars like M800, Alto, A-Star and WagonR declined by 25.4 % to 26,043 units. And Swift, Estilo, Ritz rose by 9.9 % to 23,659 units in April. Maruti also included that sales of its popular compact sedan Dzire declined 17.7 % to 16,008 units, and its utility vehicles, including Gypsy, Grand Vitara and Ertiga declined by 5.8 % to 5,011 units.
Mahindra & Mahindra also reported its domestic sales droped by 15 % at 34,107 units
General Motors India also reported a 35.30 % decline in sales at 5,302 units.
Toyota Kirloskar Motor also saw its domestic sales decline by 16.04% at 7,562 units in April.
On the other hand, Hyundai Motor India, reported its sales increase by 8.78% in its domestic sales at 35,248 units.
Moreover Honda India reported a 30 % increase in domestic sales at 11,040 units with a success of its premium sedan City. sold 7,044 units of the car in April.
Ford India also reported rise in domestic sales last month 66.15 per cent from same month previous year, sold 6,651 units
Honda Motorcycle & Scooter India posted 20.92 % rise in sales at 3,13,942 units last month.
Yamaha Motor India posted a 42.39 % increase in domestic sales at 51,158 units in April.
Maruti Suzuki stock price On May 02, 2014, at 02:56 hrs Maruti Suzuki India was quoting at Rs 1886.00, down 1.92 %.
Source: Moneycontrol.com
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