Giant and leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors, and Tata Motors announced sales growth in the domestic market in November, supported by robust offtakes during the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November.
Other automakers like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra, and MG Motor India also reported sales growth in November when compared with the same month last year. In the meantime, Hyundai Motor India Ltd (HMIL) reported its highest ever monthly sales in November. The company's domestic sales rose 9.4 percent in November. HMIL Director (Sales, Marketing & Service) Tarun Garg said, "The recently introduced all-new i20 has helped carry forward the festive momentum even in the post-Diwali period for the company and facilitated a sales growth of 9.4 percent in November over the same period last year."
Tata Motors reported over two-fold increase in its sales in November this year. Powered by Seltos and Sonet, Kia Motors posted a 50.1 percent increase in domestic wholesales at 21,022 units last month. "Since the Covid-19 outbreak, we were quite hopeful about the festive month and the results are overwhelming. Not only urban, but customers from tier II, III, and IV markets too are acknowledging the need for personal mobility to maintain personal safety," Kia Motors India Managing Director and Chief Executive Officer Kookhyun Shim said. Mahindra & Mahindra saw its passenger vehicle sales increase by 24 percent last month. On the other hand, Honda Cars reported a 55 percent jump in its domestic sales.
The Japanese automaker, Toyota Kirloskar Motor posted a 2.4 percent increase in domestic sales at 8,508 units in November. Whereas, MG Motor India said it posted its highest-ever retail sales in the country last month. The automaker, a wholly-owned arm of China's SAIC Motor Corp, sold up 28.5 percent as compared to November 2019.
Also Read:-
IOCL introduces country's first 100 octane premium petrol, Know its specialty
Stock Markets Watch: Markets open marginally lower; Nifty above 13K
