You are here: Home > Steel News > Latest Steel News > India’s...

India’s passenger car sales decline in August

Tuesday, 03 September 2024 15:09:34 (GMT+3)   |   Kolkata
       

Indian passenger car sales as represented by dispatches from factory to dealers registered a decline in August this year, according to preliminary information sourced from industry on Tuesday, September 3.

Provisional estimates indicated that total passenger car sales in August came to 355,000 units, around 2-3 percent lower than the corresponding month of 2023.

The country’s largest passenger car maker in terms of market share, Maruti Suzuki India Limited (MSIL), recorded the sharpest fall in sales by 8.4 percent year on year to 143,075 units in August.

The second-largest car maker, Hyundai Motors India Limited (HMIL), recorded a sales decline of eight percent year on year to 49,525 units, while Tata Motors Limited’s sales were down 3.2 percent to 44,486 units.

In contrast, smaller car makers in terms of market share like Toyota Kirloskar Motors Limited sold 28,589 units, a rise of 36.3 percent, and Kia Motors sales were up 17.2 percent to 22,523 units.

Partho Banerjee, senior executive officer (marketing and sales) at MSIL said the company had reduced its dispatches to dealers by about 13,000 units in August.


Similar articles

Indian vehicle retail sales rise by 32 percent in October

07 Nov | Steel News

India’s passenger car sales show mixed trend in October

05 Nov | Steel News

Indian auto retail sales across all categories see 9% fall in September

07 Oct | Steel News

Indian passenger car sales decline for third straight month in Sept

02 Oct | Steel News

Indian automobile makers agree to offer discounts on new vehicles against scrapping of older ones

29 Aug | Steel News

Indian auto sector faces surging inventories, companies start to cut outputs

22 Aug | Steel News

India’s automobile retail sales increase by 14 percent in July

05 Aug | Steel News

Indian passenger car sales show mixed trend in July

02 Aug | Steel News

Indian auto retail sales up just 0.73 percent in June

05 Jul | Steel News

Indian passenger car makers report subdued sales growth in June

02 Jul | Steel News