India car sales snapshot in April 2018

Capture auto sales

Maruti Suzuki India time and again proved that it cannot be dethroned that easily. Despite having around 50% market share it further grew to capture a whopping 55% market share. Every time we think that Maruti reached peaks and it cannot grow further it is proving us wrong, this month it grew by 13.4% compared to the last April.

Tata Motors despite trying hard to reach third position is still having tough time to displace Mahindra. But Tata can make it to third position as we can see it is consistently growing at a healthy rate(this month it grew by 34.4%) owing to the success of Tiago and Nexon.

Biggest loser this April is Honda, it de-grew by 36.9% compared to the April 2017.

Thanks to Jeep Compass that Fiat is able to post better numbers.

Source: Autopunditz

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Top 25 selling models of January 2018

Top 25 selling models of january 2018

The only company other than Maruti Suzuki and Hyundai to get place in top ten positions is Tata and the model is Tiago. Tata Tiago grew by a good 53% and impacted Celerio sales which saw a decline of 30%. Other model to see a phenomenal sales growth is Hyundai Verna, it grew by 413% from 897 units to 4,601 units. Though it grew by 413% it failed to overtake Maruti Suzuki Ciaz. Renault Kwid’s sales are steadily declining and the newly launched Captur isn’t helping much in setting the sales chart on fire. The only model from Honda’s stable to get place in top 25 list is WRV.

Of the top 25, 12 are from Maruti Suzuki, 5 are from Hyundai, 2 are from Mahindra,  2 are from Tata, 1 is from Honda, 1 is from Toyota, 1 is from Ford, and 1 is from Renault. That is nearly half of the models in the list are from Maruti stable and that is a commendable job. Tata Motors very well knew that challenging Maruti & Hyundai and displacing them from their positions is a tough ask and that is why Tata Motors is aiming at third position in the sales chart and left the first two positions to Maruti and Hyundai respectively.

Source: AutoPunditz

Tata might bring Tiago Sport with Nexon’s turbo petrol engine

Tata to bring Tiago Sport with 110BHP within the next 2 months, with a 1.2L, 3-cylinder turbocharged engine borrowed from the Nexon under the hood.

In a couple of months Tata might introduce sports variant of its successful hatchback Tiago. It is expected that the Tiago Sport will come with Nexon’s 1.2 litre turbocharged petrol engine. The engine in its current tune in Nexon comes mated to 6 speed transmission and produces 108 bhp of power and 170 Nm of torque. The present petrol engine in Tiago produce 84 bhp of power and 114 Nm of torque and comes paired with with 5 speed transmission. Rest of the details such as if the suspension and brakes are tweaked to handle the extra power and torque are not known. Expect it to be priced at a premium of 1 lakh rupees compared to the regular Tiago. Tata might showcase it at the upcoming Auto Expo.

tata-zica-gallery-7

Source: Team-BHP

September 2017 car sales in India: Model wise sales figures

India Car sales september 2017

Time and again it has been proved that none can beat Maruti Suzuki in the Indian auto industry sales. Almost in every segment that it is present it is the leader. Maruti succeeded in engraving such an impression on the Indian buyers’ minds such that every new launch from the company is accepted without an iota of hesitation(there are few exceptions like S-Cross & Ignis which are not selling according to the company’s standards). Look at their last few launches like Brezza, Baleno, Ciaz, and the facelifted Dzire, they are selling like hotcakes.

And Hyundai is another company which is consistently growing both in volume and value. Hyundai is one of the two companies which can comfortably overprice their products and yet sell them well. The other company is Toyota.

Mahindra’s portfolio is dominated by SUVs as they are basically an SUV company. The only sedan they sell is Verito which is nothing but a Renault Logan and the only hatchback is Verito Vibe which is derived from Verito. The company is having tough time in maintaining its leadership in the SUV segment as the other companies are strengthening their SUV portfolio.

Honda Cars India Ltd gave itself a new lease of life with the introduction of diesel engine to its portfolio, and then continued the sales momentum with the introduction of new models like BR-V and WR-V.

Tata Motors is striving hard to shed off their “niggles & bad service” image and is making a commendable progress in that direction with their new launches like Tiago, Tigor, & Hexa.

Toyota is riding high on its reliability image and cashing in on the customers. But the Innova Crysta has got a fair share of niggles and issues(check out thread1thread2 & thread3) which if not addressed appropriately might tarnish Toyota’s reputation.

Renault India is presently depending on two models Kwid & Duster. The company is looking forward to consolidate its product range to make way for the new launches.

Ford is another company(one being Tata) that is working on to shed off its negative(costly maintenance) image, and they are also progressing but at a slow pace. Figo & Aspire despite being good performers are not finding many takers due to the Ford’s legacy issues.

Thanks to Jeep Compass that Fiat India records an exponential growth.

Maruti Suzuki India September 2017 sales

With 49.4% market share Maruti Suzuki’s sales in September 2017 stood at 1,50,521 units which is 9.6% higher than the same period last year. The all new Dzire is moving off the shelves like hotcakes, its sales for this September stood at 34,305 units. Alto sales resumed to 23k plus mark after a brief fall for a couple of months. Baleno sales grew by 53% from 10,623 units in the last September to 16,238 units in September 2017. WagonR, though with slight ups and downs in sales is bringing in good numbers to the company due to lack of a proper competitor. Its sales this September stood at 14,649 units.

Vitara Brezza proved to be an immediate success to Maruti Suzuki and is consistently doing well. This month sales stood at 13,268 units. Soon to be updated Swift’s sales declined by 21% from 16,746 units in September 2016 to 13,193 units in this September. The aging Omni, is consistently selling well as it is addressing a group of people whom no other car in India is addressing.  Ertiga sales declined by 12% when compared to same month last year. Celerio though doing decent numbers, may see gradual decline due to the stiff competition from the Tata Tiago. Ignis is averaging around 4k units per month which is due to its premium pricing and oddball love or hate design. Ciaz did not actually displace the Honda city but expanded the segment as a whole. S-Cross sales ambled around 2k units since its introduction but this September sales plunged to 385 units as prospective buyers postponed their purchase and waited for the facelift.

Hyundai India September 2017 Sales

Hyundai Motor India Ltd(HMIL) entered India in 1996, their first car Santro was a runaway success. Within few months of inception HMIL became second largest car manufacturer in India. And it continued its hold throughout the past two decades.

Apart from the top selling trio i10 Grand, i20 Elite, & Creta, this month Hyundai got another top seller in the form of Verna. But we have to wait and see whether if Verna can sustain at 6k units/month mark or will decline after fading of initial euphoria. Eon sales grew by 14% from 4,504 to 5,144 units. Most of the Xcent sales are due to Ola , Uber, and the likes. Tucson sales this month stood at 86 units. Introduction of AWD might add slight boost to its numbers.

Mahindra September 2017 Sales

Bolero, Scorpio, and XUV 500 are the bread winners for Mahindra & Mahindra. Major chunk of Bolero sales are from rural areas and there is no competition to it in the rural markets, its sales are dependent on good crop yields. Mahindra’s Nuvo Sport came in as a replacement to Quanto and this too failed miserably, finding it on roads is a rare sight. Most people are even not aware that there is a vehicle called Nuvo Sport.

Mahindra is prepping up to launch a slew of new products. MPV U321 to take on Innova Crysta. A bigger version of TUV 300 called as TUV 300 Plus. An SUV code-named S201 based on Ssangyong Tivoli to take on Hyundai Creta.

Honda India September 2017 Sales

Honda City is continuing its hold despite competition from Maruti Ciaz and Hyundai Verna. Competition is heating up in the segment, all being strong contenders. This month Honda City found 6,010 new homes. Honda’s second best seller is WRV with sale of 4,834 units. Jazz settled at 3rd position after Baleno and i20 in the premium hatchback segment. Amaze, BRV, Brio, and CRV, sales of all them declined. Compact sedan segment is dominated by Dzire. Xcent and Amaze stood at 2nd and 3rd positions. Accord found 18 new homes.

Tata Motors september 2017 sales

Tata Motors impact design philosophy is showing off its positive results. All their new new launches are succeeding in making the necessary impact. Their transformation journey is also turning out to be positive. They are progressively breaking the bad image they have in the market. Tiago is received well by the market, its sales are gradually increasing owing to the word of mouth publicity by the happy customers. Its sales this month stood at 8,316 units which is 82% growth compared the same period last year.

Tigor and Hexa met with mediocre success, their sales this month stood at 1,770 units and 1,245 units respectively. Hexa sales are bound to grow further as it is also(like Tiago) gaining good word of mouth from the current users. Tata Motors is swiftly and appropriately addressing all the minor issues that are coming up, and this is helping them break their past baggage and reinforce good impression in the market.

Tata Motors entered into the compact SUV segment with the launch of Nexon. This month its sales stood at 2,772 units, most them are dealer cars for test drive purpose. We have to watch the sales in upcoming months to know whether the product is received well by the market or not. Tata Motors got many things right like entry-price, engines, interiors, & design et cetera. Tata is hoping that Nexon will help the company reach the third position in sales behind Maruti & Hyundai. All the best to Tata Nexon.

Tata Motors is preparing products to fill the void in its product portfolio. A premium hatchback code-named X451 based on the all new AMP(advanced modular platform) to take on the likes of Baleno and i20. A full size sedan to be positioned above Zest. Two SUVs Q501 & Q502 to take on Creta, Jeep Compass, and Fortuner. These SUVs will be based on Land Rover Discovery Sport platform.

With the upcoming launches and existing models gaining traction, Tata Motors is bound to grow further.

Toyota India september 2017 sales

Toyota’s bestseller Innova Crysta sales stood at 6,323 units. Toyota Fortuner’s sales stood at 2,185 units which is quite good for the 30lakh to 40lakh price bracket. Etios, Liva, and Liva Cross are not performing according to the segment standards. Their sales declined by 22% and 10% respectively, these numbers are from taxi segment buyers and Toyota brand loyalists. Landcruiser sales stood at 11 units which is not bad considering the hefty price it is asking.

Renault India september 2017 sales

Renault is wholly dependent on two models Kwid and Duster. Kwid though didn’t displace the segment leader Alto, it comfortably settled at second position. Renault India is trying to consolidate its existing portfolio before it introduces new products. Owing to miniscule sales Renault is discontinuing Pulse, Scala, Koleos, & Fluence. As Renault India is presently busy in launching Captur, they postponed the introduction of next-generation Duster.

Renault India is expecting to improve its domestic sales with the help of Captur crossover. But this might not happen as the company is caught by a Team-Bhp member while it was trying to cheat the Indian customers with the help of a deceitful advertisement. In the the advertisement it showed off awards of another car as its own awards(European Captur which is completely a different car based on different platform, everything is different except name and form). After it was caught, the company immediately pulled off the advertisement from its Youtube channel. This is in no way acceptable or forgivable as the company knowingly did this feat.

Ford India September 2017 sales

Ford India overall sales (domestic+export) declined by 36% from 22,590 vehicles in last September to 16,525 vehicles in this September. While the domestic sales declined marginally to a tune of 2.8%, it is the exports that declined massively from 13,572 units in 2016 September to 7,756 units in 2017 September. The company cites supply chain constraints as the cause for the sales decline in September. With new Ecosport launch ahead, the company hopes to improve its sales.

During September, the Mahindra Group and Ford Motor Company agreed to explore a strategic alliance, designed to leverage the benefits of Ford’s global reach and expertise, and Mahindra’s scale in India & successful operating model. The agreement between the two companies will allow each to leverage their mutual strengths during a period of unprecedented transformation in the global automotive industry. Teams from both companies will collaborate and work together for a period of up to three years.

Nissan Datsun India September 2017 sales

Datsun India and Nissan India together sold 5,003 vehicles in the month of September 2017. Datsun’s contribution to the total sales is 77.3% and the remaining 22.7% is from Nissan’s own portfolio. Sunny sales grew by 248% from 64 units to 242 units. Redi-Go, Go+ , and Micra are the top three contributors. Redi-Go is not selling as good as its sibling Renault Kwid.

Volkswagen September 2017 sales in India

Volkswagen India domestic sales grew by 17.2% from 3,929 vehicles in the last September to 4,603 vehicles in September 2017. Polo , Ameo and Vento are the top three contributors for Volkswagen’s domestic sales. The trio’s contribution to total sales is 96.5%. The newly launched Tiguan managed to find 120 takers which is not bad considering its premium pricing and Volkswagen’s small dealership network.

Fiat Jeep India september 2017 sales

Fiat India model range constituting Punto, Evo, Abarth, & Linea is good but their sales are very poor owing to the lack of proper service support from the company. Introduction of Jeep Compass restored the company back to life. Otherwise Fiat also have to quit India like GM did as their only source of income from 1.3 litre diesel engine is also at danger. Jeep Compass found 2,151 takers this September and in August its sales stood at 2,020. Looks like Fiat got a winner in its hands.

Skoda India September 2017 sales

Skoda’s sales grew by 42.4% from 1,218 units in 2016 September to 1,735 units in this September. The only model from Skoda’s stable to bring in good numbers to the company is Skoda Rapid, its sales this month stood at 1,312 compared 744 units in the same period last year. That is a growth of 76%. The newly launched Kodiaq found 84 takers in September 2017. No doubt Skoda products are good but their service centers are tarnishing the company’s image to such an extent that it is reflected in the sales statistics.

Skoda dealers are stooping to such a low level that they are even selling fake/duped cars to customers. And the worst part is that the company is trying to support the dealer and his fraud. We must say not just the dealers but the company is stooping to lower levels. There are numerous other horror stories of Skoda. They should do fair business or should quit India. Before anything else like launching new products they should work on to improve their dealership experience and also should work to eradicate corruption done by their dealers.

Top 25 sellers of this month:

Top 25 selling cars India September 2017

 

Source: Auto Punditz

January 2017 Car Sales in India: Model wise sales figures

As always, Maruti Suzuki dominates the sales chart in January 2017 too. Its market share(scroll to the bottom for market share chart) grew from 46.7% in December 2016 to 50.5% in January 2017.Of the entire portfolio of Maruti, Ertiga(-10%) and Gypsy(-74%) are the only models to see a decline in sales in the month of January.


September 2017 car sales in India: Model wise sales figures


Alto despite a tough competition from Renault-Kwid is managing to be a top seller, but Maruti had to quickly come up with refreshed Alto to maintain its hold. Sales of both Alto-800 & Alto-K10 together stood at 22,998 units which is a 7% growth compared to 2016 January. Dzire stood as the 2nd best seller from Maruti’s stable. At third position is Wagon-R with January 2017 sales of 14,930 units i.e., as growth of 17%. Swift sales grew by 3% from 14057 units to 14545 units. Sales of Celerio whose diesel variant is recently discontinued stood at 10,879 units that is growth of 52%. Then came Baleno with sales of 10,476 units n January 2017. Vitara Brezza sales in January stood at 8,932 units.Sales of the newly introduced IGNIS stood at 4830 units. Overall domestic sales of Maruti for the month January 2017 stood at 1,33,768 units that is a growth of 26%. maruti-suzuki-india-january-2017-car-sales-figures

Hyundai’s market share declined from 17.6% to 15.9%. But the overall domestic sales grew by 11%. i10-Grand(13,010 units), i20 Elite(11,460 units) & Creta(7,918 units) together contributed 77% to the total sales of Hyundai! Sales of Eon, Xcent & Verna declined by 7%, 10% and 27% respectively. Hyundai is prepping up to launch facelift of Xcent which might improve the sales in future. Tucson sales stood at 148 units. Total domestic sales of Hyundai stood at 42,017 units.hyundai-india-january-2017-car-sales-figures

Mahindra’s Bolero is proving to be a consistent bread winner for the company. Its sales grew by 7% compared to the last January.Sales of KUV-100(2,695 units), TUV-300(2,408 units) and XUV-500(2144 units) declined by 21%, 37% & 14% respectively. XUV-500’s sales may further decline owing to competition from Tata HEXA. Rexton(4 units!) is not performing as expected by the company. Nuvosport(69 units) which came in place of Quanto isn’t doing well. There is nothing much to talk about Xylo, Verito & Vibe.mahindra-and-mahindra-india-january-2017-car-sales-figures

Honda’s overall sales declined by 9% from 17,135 units to 15,592 units. Except for Brio(627 units) and Amaze(3,911 units) sales of whole portfolio declined. BR-V(1,458 units) is not performing as expected by Honda, and Mobilio’s sales are dismal. Jazz is one of the most practical hatchbacks available for purchase in India,  but is not selling well. Introduction of diesel engine in CR-V(54 units) might help matters as it happened with Honda-City.honda-india-january-2017-car-sales-figures

With overall domestic PV sales of 12,906 units Tata-Motors market share is 4.9%. Tata-Motors’ sales are bound grow further owing to 1)Guenter Butschek’s leadership 2)Upcoming launches like Kite5 & Nexon 3)Newly launched HEXA 4)ever increasing sales of Tiago 5)Reduction in number of management layers 5)Supply chain restructuring  and 6)Adoption of new passenger vehicle strategy. Tiago stood as the top seller for Tata with sales of 5,399 units. Zest’s sales(2,615 units) are steadily improving since a couple of months, it can be due to sales to taxi market or due to rub of effect from Tiago. Sales of the newly launched HEXA stood at 1,498 units. Sales of rest of the portfolio constituting Nano, Indica, Vista, Indigo, Manza, Sumo, Bolt, Safari and Storme declined. Tata should phase out Indica, Indigo, Vista & Manza so that they can churn out more Tiagos & HEXAs.tata-motors-india-january-2017-car-sales-figures

Toyota’s domestic sales grew by 21% from 8,511 units to 10,336 units. Except for the newly introduced Fortuner(1954 units) and Innova Crysta(5,013 units), sales of rest of the models declined. Etios & Liva are mostly purchased by taxi owners, otherwise their sales would be more dismal. Sales of Corolla and Camry stood at 153 units and 120 units respectively.toyota-kirloskar-motors-india-january-2017-car-sales-figures

Renault is surviving on two models, Kwid and Duster. Their combined contribution to total sales is a whopping 93.31% . Sales of Kwid and Duster stood at 6,924 units and 1,279 units respectively. There is nothing much to talk about the rest of the portfolio.renault-india-january-2017-car-sales-figures

Ecosport(3,761 units) came up as the top contributor to Ford India sales. Sales of Aspire grew by 41% from 2,470 units to 1,748 units. Sales of Endeavour stood at 455 units. Figo sales declined by 29% from 1,748 units to 1,264 units. Both Figo and Aspire are excellent vehicles but the only thing putting down their sales is Ford badge.Ford is working on it, they launched a campaign to change its ‘expensive service image’ in consumers mind. So, Ford-India’s sales may grow further in the coming months.ford-india-january-2017-car-sales-figures

Introduction of Datsun Redi-GO isn’t helping much. It is not selling well as its cousin Kwid. Sales of Redi-GO for the month of January 2017 stood at 1,865 units. Sales of GO(824 units) and Micra( 743 units) grew by 22% and 37% respectively. Sales of Terrano,Sunny & GO+ declined. One unit of Nissan GT-R is sold. Total sales(4,346 units) of Nissan & Datsun grew by 63%. Introduction of GO-Cross might help matters.nissan-datsun-india-january-2017-car-sales-figures

It is Ameo(1,911 units) that helped Volkswagen India to see a sales growth of 1%, otherwise Volkswagen should see a massive decline in sales.Sales of entire portfolio constituting Polo, Vento, Jetta, Beetle and Passat declined. Total sales stood at 4,060 units.volkswagen-india-january-2017-car-sales-figures

Same thing with Chevrolet too, except for Cruze(50%) all other models’ sales declined. Total sales declined by 35% from 2,788 units to 1,808 units.gm-chevrolet-india-car-sales-figures-january-2017

Octavia and Superb are the only models to display  positive sales number. Rapid’s sales declined by 8% from 1,044 units to 959 units.skoda-india-january-2017-car-sales-figures

Fiat India is selling less cars than the luxury car marques. Fiat India is sustaining on engine sales to Maruti and Tata. Combined sales of Punto, Evo & Avventura stood at 225 units. Total sales(-54%) stood at 288 units. fiat-india-january-2017-car-sales-figures

Top 25 selling cars in January 2017:

Number of models from Maruti’s stable is 12! , and from Hyundai is 5, Honda & Mahindra have two models each in the top 25 list, Renault,Tata,Toyota & Ford have one model each in the top 25 list. Tata Tiago is ranked 17 in the list.top-25-selling-cars-in-january-2017-in-india

Market-share ranking of each OEM in January 2107:rank-and-market-share-of-automotive-oems-in-india

Via: Autopunditz

 

 

Tata Motors January 2017 sales snapshot

Key Highlights:

  • Tata Motors’ Passenger vehicle segment grew by 21%, due to continued positive response for the Tata Tiago.
  • In M&HCVs, construction vehicles continued to grow at 26.5%
  • The IM&HCV Bus segment witnessed a growth of 12%, driven particularly by Government/STU, intercity, staff application segments

Tata Motors passenger and commercial vehicle total sales (including exports) in January 2017 were at 46,349 vehicles, a decline of 1% over 47,035 vehicles sold in January 2016. The company’s domestic sales of Tata commercial and passenger vehicles for January 2017 registered flat growth at 41,428 nos., over January 2016. Cumulative sales (including exports) of the company for the fiscal was at 4,37,842 nos., higher by 6% over 4,11,974 vehicles, sold last year.

Domestic – Passenger Vehicles

In January 2017, Tata Motors passenger vehicles, in the domestic market, recorded sales at 12,907 nos., with a growth of 21%, over January 2016, due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa.

Cumulative sales growth of all passenger vehicles in the domestic market for the fiscal were at 1,25,446 nos., a growth of 18%, compared to 1,06,650 nos., in the last fiscal.

Domestic – Commercial Vehicles

The overall commercial vehicles sales in January 2017, in the domestic market were at 28,521 nos., lower by 7% over January 2016.  The construct segment continued to grow strongly by 26.5% Y-o-Y, as road construction continues to drive demand, along with coal & iron ore mining also gaining momentum. IM&HCV Bus sales grew by 12%. The M&HCV segment is witnessing a surge in enquiry levels, after a weak Q3.

Cumulative sales of commercial vehicles in the domestic market for the fiscal was flat at 2,58,928 nos. over last year.

Exports

The company’s sales from exports was at 4,921 nos. in January 2017, a decline of 13% compared to 5,637 vehicles sold in January 2016. The cumulative sales from exports for the fiscal was at 53,468 nos., higher by 15%, over 46,537 nos., sold last year.

About Tata Motors:

Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 2,75,561 crores (USD 41.6 billion) in 2015-16. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India.  With over 9 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia.

Tata Motors 2016 December 2016 Sales

tata-zica-gallery-7

  • Passenger vehicle segment grew by 35%, due to continued positive response for the Tata Tiago
  • Exports continued to grow at 12% in December 2016, on account of strong demand for Tata Motors’ commercial vehicles.
  • Bus segment witnessed a growth of 59%, over last year, driven particularly by Government/STU, Intercity, Staff application segments.
  • In M&HCVs, Construction vehicles grew by 22% Y-O-Y

Tata Motors passenger and commercial vehicle total sales (including exports) in December 2016 were at 40,944 vehicles, 2% growth over 39,973 vehicles sold in December 2015. The company’s domestic sales of Tata commercial and passenger vehicles for December 2016 was at 35,825 nos., a growth of 1%, over December 2015. Cumulative sales (including exports) of the company for the fiscal was at 391,493 nos., higher by 7% over 364,939 vehicles, sold last year.

Domestic – Passenger Vehicles

In December 2016, Tata Motors passenger vehicles, in the domestic market, recorded sales at 10,827 nos., with a growth of 35%, over December 2015. The passenger car sales continued its growth momentum at 40%, due to strong demand for the Tata Tiago, with sales showing an increasing trend.

Cumulative sales growth of all passenger vehicles in the domestic market, this fiscal, were 112,539 nos., a growth of 17%, compared to 95,979 nos., in last fiscal.

Domestic – Commercial Vehicles

The overall commercial vehicles sales in December 2016, in the domestic market were at 24,998 nos., lower by 9% over December 2015. Market continues to remain under pressure due to the impact of demonetization, which was felt across segments, particularly in the long haul cargo segment.

However, the construct segment continued to grow strongly by 22% due to increase in road construction as contractors have started on ground execution of projects, the coal & iron ore mining segment is also gaining momentum. Bus sales grew by 59%, over last year. Cumulative sales of commercial vehicles in the domestic market for the fiscal were at 230,407 nos. higher by 1% over last year.

Exports

The company’s sales from exports was at 5,119 nos. in December 2016, a growth of 12% compared to 4,557 vehicles sold in December 2015. The cumulative sales from exports for the fiscal was at 48,547 nos., higher by 19%, over 40,900 nos., sold last year.