Economy

Maruti Suzuki sales up 9.5% to 146446 units in October 2017

Maruti Suzuki sales up 9.5% to 146446 units in October 2017”

While sales for its entry-level segment offerings, the Alto and the Wagon R have registered a dip of 4.2 percent in October 2017 with 32,490 units (October 2016: 33,929), the quintet of compact cars - Swift, Celerio, Ignis, Baleno and the Dzire - registered solid 24.7 percent growth with sale of 62,480 units (October 2016: 50,116).

Sangareddy: Managing Director and Chief Executive Officer, Maruti Suzuki India, Kenchi Ayukawa has observed that India will be third largest automobile industry in the world by 2026 by recording a rapid growth over the next one decade.

Toyota Kirloskar Motor (TKM) today reported a 6.45 per cent rise in domestic sales at 12,403 units in October.

"Utility vehicles (Vitara Brezza, Ertiga, S-Cross) segment recorded a whopping 29.8 percent growth", Maruti said, adding it sold 872 units of Super Carry that comes under light commercial vehicles, against 80 units in year-ago month. The Suzuki Motor unit had, in the last two months, reported strong sales as dealers stocked up ahead of the festival season that started in September, considered an auspicious time in India to purchase vehicles. Mahindra's domestic sales grew marginally to 48,818 units last month compared to 48,729 in October 2016.

M&M President Automotive Sector Rajan Wadhera said: "The auto industry has had a mixed month. The build-up to Dhanteras and Diwali was good but the demand tapered off subsequently". The total sales also include the 1.36 lakh units sold in the domestic market along with the 10,446 units which are exported and both saw a growth of 9.9 per cent and 4.2 per cent respectively.

Its domestic sales stood at 1,36,000 units, up 9.9 per cent from 1,23,764 in October previous year, MSI said in a statement. Similarly, compact vehicle sales went up by 24.7 per cent with 62,480 units against the 50,116 units sold in October 2016.



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