Maruti Suzuki sells 144297 units in November, up 14.3%


Two and three-wheeler manufacturer Bajaj Auto a rise of 21 per cent in total sales, including exports, for November 2017 to 326,458 units from 269,948 units sold during the corresponding month of 2016.

Sajeev Rajasekhran, EVP, Sales and Marketing, Suzuki Motorcycle India said, "The consistent growth is a testament to the successful fructification of the new product strategy at Suzuki Two-wheelers where we have aligned our focus on the premium segment of scooters (125cc and above), and premium motorcycles (150cc and above)".

Maruti Suzuki India's monthly sales for the month of November, 2017 showed an overall volume growth of 14.1% as compared to November 2016.

The company had also grown 14 per cent last November. The new Dzire and Baleno helped to expand this segment by 32 per cent over a year ago. "The rural market is buoyant and we hope to build on this momentum", said Rakesh Srivastava, director (sales and marketing).

Sales at Honda Cars India Ltd soared 47.2% to 11,819 units for the month, led by the compact SUV WR-V.

Conversely, exports for November 2017 stood at 2,531 vehicles, a de-growth of six per cent.

TVS Motor Company registered a sales growth of 12 per cent from 224,971 units sold in November 2016 to 251,965 units in the like month of 2017. This was led by strong momentum of new-generation cars, the company said.

Sales in this segment comprising the Alto and WagonR fell 1.8% to 38,204 units. "Although this November's volume has shown improvement over a year ago, the market is still to recover fully from GST (goods and services tax)-related changes, affecting consumers at large". TKM has sustained a positive growth since last three months. As of now the country's leading vehicle manufacturer, Maruti Suzuki India has announced registering over 14 per cent growth in the month of November 2017 and more manufacturer will be coming out with their numbers throughout the day. Yoichiro Ueno, president and CEO at the firm, conceded that "the market is still to recover fully from GST-related changes affecting consumers at large", while adding that sales in November 2016 had been severely affected by demonetisation. The French vehicle maker did not announce sales numbers but the company is learnt to have seen a decline of 18 per cent in sales. He added that the low base resulting from demonetisation a year ago has had a more pronounced effect on two-wheelers compared to passenger vehicles and will continue to skew the growth till January. Passenger vehicle sales had shrunk by a little over 1 per cent last December.