India’s auto sales remain weak in January

Monday, 03 February 2020 11:36:34 (GMT+3)   |   Kolkata

Indian automobile sales have continued their gradual decline in January this year, data published by leading domestic automobile manufacturers showed.

Hyundai Motors India Limited (HMIL) reported January 2020 sales including exports at 52,002 units, down 3.37 percent from the corresponding month of the previous year. Domestic sales excluding exports were reported by the company at 42,002 units, down 8.3 percent year on year.

Tata Motors’ overall sales including exports during the month in question were reported by the company at 47,862 units, against 58,185 units in January 2019. Domestic sales excluding exports of Tata Motors in January this year came to 45,242 units, down 18 percent year on year.

Mahindra & Mahindra reported a six percent fall in auto sales in January to 52,546 units including exports. Excluding exports, its domestic sales declined by three percent year on year to 50,785 units, the company reported.

Only Maruti Suzuki, the country’s largest passenger car manufacturer by market-share reported a marginal 1.6 percent rise in January sales including exports at 154,123 units. Its domestic sales excluding exports amounted to 144,449 units, indicating a marginal rise of 1.7 percent year on year.

Most Recent Related Articles

Indian pellet export prices surge, uncertainty remains over possible iron ore export ban

Local Indian rebar prices stable, outlook better amid support from affordable housing sector

JSW commences land acquisition for greenfield steel project in Odisha

Some secondary Indian rebar mills plan output expansions despite weak market

Indian passenger car registrations in Oct contradict automakers’ claims of sales growth