Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect
Highlights
The idea of the Goods and Service Tax coming into effect alone had a giant effect on several industries and the auto sector was one among them. The standardisation of taxes indicated that the cost of cars and SUV will considerably go down post-GST launch, which has largely affected car sales in June 2017. Few dealers have also reported a reduction in footfall with customers opting to delay buying fresh cars in orders to get better rates once the GST prices are announced. Several automakers have already reported a considerable drop in passenger car sales, while a few were fortunate enough to see marginal growth in year-on-year (YOY) sale for June. Here’s how top car manufacturers in India performed last month.
The country’s leading car manufacturer Maruti Suzuki as always was pretty much safe with cumulative sales of over 1.06 lakh compared to the 98,840 units sold in June 2016, registering a total growth of 7.6 per cent. Similarly, the carmaker’s domestic sales also went up by 1.Two per cent, with the company selling 93,263 units in June two thousand seventeen against the 92,133 units sold the same time last year. Having said that, passenger car sales, went down by Three.6 per cent in June, while UV sale went up up forty three per cent thanks to the Vitara Brezza. The company has already announced a three per cent cut in prices and the effects of this might soon reflect in the July sales.
Maruti’s key competitor Hyundai Motor India witnessed a decline of Five.6 per cent in domestic sales as the company only sold 37,562 units in June two thousand seventeen compared to the 39,807 units sold in June 2016. Compared to May two thousand seventeen however, which registered a total sales figure of 42,007 units, the drop in sales for June is even higher at Ten.58 per cent.
Ford India pretty much had a similar month with the company’s cumulative sales accounting for 20,828 vehicles compared to Nineteen,754 vehicles in the corresponding month last year, registering a growth of Five.1 per cent. Having said that, domestic sales for the month of June two thousand seventeen went down by over thirty per cent, with the company selling just 6,149 units compared to the 9,469 units sold in June 2016. Exports, on the other mitt, shot up by thirty per cent as the company exported 14,679 vehicles last month compared to Ten,285 units in June 2016.
Home-grown automaker Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. Passenger vehicle business sales dropped by ten per cent, even tho’ the company’s commercial vehicles business grew on a month-on-month basis. The company sold a total of 40,358 vehicles (passenger and commercial) last month, nine per cent lower than the 44,525 vehicles that were sold in June 2016. That said, Tata Tiago has received one lakh bookings as of June 2017. Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. As for exports, Tata Motors spotted a drop of forty per cent in volumes with three thousand five hundred four units shipped in June 2017, as against five thousand eight hundred seven units exported during the same period last. The company said that the drop in numbers was owing to supply constraints.
Things weren’t all that good for utility vehicle manufacturer, Mahindra and Mahindra. The company reported a decline in total sales of eight per cent with the company selling just 35,716 units in June two thousand seventeen compared to the 39,009 units sold the same month in 2016. The domestic sale also went down by three per cent with sales in June two thousand seventeen accounting for 33,861 compared to the 34,989 units sold in June 2016. Exports took the largest hit of all at 1,855 units compared to last year’s Four,020 units, registering a massive fall of fifty four per cent. Passenger vehicle sales went down in India by five per cent, but commercial vehicle sales went up by twelve per cent in year-on-year sales.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect – NDTV CarAndBike
Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect
Highlights
The idea of the Goods and Service Tax coming into effect alone had a big effect on several industries and the auto sector was one among them. The standardisation of taxes indicated that the cost of cars and SUV will considerably go down post-GST launch, which has largely affected car sales in June 2017. Few dealers have also reported a reduction in footfall with customers opting to delay buying fresh cars in orders to get better rates once the GST prices are announced. Several automakers have already reported a considerable drop in passenger car sales, while a few were fortunate enough to see marginal growth in year-on-year (YOY) sale for June. Here’s how top car manufacturers in India performed last month.
The country’s leading car manufacturer Maruti Suzuki as always was pretty much safe with cumulative sales of over 1.06 lakh compared to the 98,840 units sold in June 2016, registering a total growth of 7.6 per cent. Similarly, the carmaker’s domestic sales also went up by 1.Two per cent, with the company selling 93,263 units in June two thousand seventeen against the 92,133 units sold the same time last year. Having said that, passenger car sales, went down by Trio.6 per cent in June, while UV sale went up up forty three per cent thanks to the Vitara Brezza. The company has already announced a three per cent cut in prices and the effects of this might soon reflect in the July sales.
Maruti’s key competitor Hyundai Motor India spotted a decline of Five.6 per cent in domestic sales as the company only sold 37,562 units in June two thousand seventeen compared to the 39,807 units sold in June 2016. Compared to May two thousand seventeen however, which registered a total sales figure of 42,007 units, the drop in sales for June is even higher at Ten.58 per cent.
Ford India pretty much had a similar month with the company’s cumulative sales accounting for 20,828 vehicles compared to Nineteen,754 vehicles in the corresponding month last year, registering a growth of Five.1 per cent. Having said that, domestic sales for the month of June two thousand seventeen went down by over thirty per cent, with the company selling just 6,149 units compared to the 9,469 units sold in June 2016. Exports, on the other mitt, shot up by thirty per cent as the company exported 14,679 vehicles last month compared to Ten,285 units in June 2016.
Home-grown automaker Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. Passenger vehicle business sales dropped by ten per cent, even tho’ the company’s commercial vehicles business grew on a month-on-month basis. The company sold a total of 40,358 vehicles (passenger and commercial) last month, nine per cent lower than the 44,525 vehicles that were sold in June 2016. That said, Tata Tiago has received one lakh bookings as of June 2017. Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. As for exports, Tata Motors eyed a drop of forty per cent in volumes with three thousand five hundred four units shipped in June 2017, as against five thousand eight hundred seven units exported during the same period last. The company said that the drop in numbers was owing to supply constraints.
Things weren’t all that good for utility vehicle manufacturer, Mahindra and Mahindra. The company reported a decline in total sales of eight per cent with the company selling just 35,716 units in June two thousand seventeen compared to the 39,009 units sold the same month in 2016. The domestic sale also went down by three per cent with sales in June two thousand seventeen accounting for 33,861 compared to the 34,989 units sold in June 2016. Exports took the largest hit of all at 1,855 units compared to last year’s Four,020 units, registering a massive fall of fifty four per cent. Passenger vehicle sales went down in India by five per cent, but commercial vehicle sales went up by twelve per cent in year-on-year sales.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect – NDTV CarAndBike
Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect
Highlights
The idea of the Goods and Service Tax coming into effect alone had a ample effect on several industries and the auto sector was one among them. The standardisation of taxes indicated that the cost of cars and SUV will considerably go down post-GST launch, which has largely affected car sales in June 2017. Few dealers have also reported a reduction in footfall with customers opting to delay buying fresh cars in orders to get better rates once the GST prices are announced. Several automakers have already reported a considerable drop in passenger car sales, while a few were fortunate enough to see marginal growth in year-on-year (YOY) sale for June. Here’s how top car manufacturers in India performed last month.
The country’s leading car manufacturer Maruti Suzuki as always was pretty much safe with cumulative sales of over 1.06 lakh compared to the 98,840 units sold in June 2016, registering a total growth of 7.6 per cent. Similarly, the carmaker’s domestic sales also went up by 1.Two per cent, with the company selling 93,263 units in June two thousand seventeen against the 92,133 units sold the same time last year. Having said that, passenger car sales, went down by Three.6 per cent in June, while UV sale went up up forty three per cent thanks to the Vitara Brezza. The company has already announced a three per cent cut in prices and the effects of this might soon reflect in the July sales.
Maruti’s key competitor Hyundai Motor India witnessed a decline of Five.6 per cent in domestic sales as the company only sold 37,562 units in June two thousand seventeen compared to the 39,807 units sold in June 2016. Compared to May two thousand seventeen tho’, which registered a total sales figure of 42,007 units, the drop in sales for June is even higher at Ten.58 per cent.
Ford India pretty much had a similar month with the company’s cumulative sales accounting for 20,828 vehicles compared to Nineteen,754 vehicles in the corresponding month last year, registering a growth of Five.1 per cent. Having said that, domestic sales for the month of June two thousand seventeen went down by over thirty per cent, with the company selling just 6,149 units compared to the 9,469 units sold in June 2016. Exports, on the other mitt, shot up by thirty per cent as the company exported 14,679 vehicles last month compared to Ten,285 units in June 2016.
Home-grown automaker Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. Passenger vehicle business sales dropped by ten per cent, even however the company’s commercial vehicles business grew on a month-on-month basis. The company sold a total of 40,358 vehicles (passenger and commercial) last month, nine per cent lower than the 44,525 vehicles that were sold in June 2016. That said, Tata Tiago has received one lakh bookings as of June 2017. Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. As for exports, Tata Motors spotted a drop of forty per cent in volumes with three thousand five hundred four units shipped in June 2017, as against five thousand eight hundred seven units exported during the same period last. The company said that the drop in numbers was owing to supply constraints.
Things weren’t all that good for utility vehicle manufacturer, Mahindra and Mahindra. The company reported a decline in total sales of eight per cent with the company selling just 35,716 units in June two thousand seventeen compared to the 39,009 units sold the same month in 2016. The domestic sale also went down by three per cent with sales in June two thousand seventeen accounting for 33,861 compared to the 34,989 units sold in June 2016. Exports took the fattest hit of all at 1,855 units compared to last year’s Four,020 units, registering a massive fall of fifty four per cent. Passenger vehicle sales went down in India by five per cent, but commercial vehicle sales went up by twelve per cent in year-on-year sales.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect – NDTV CarAndBike
Car Sale June 2017: Automakers Report Drop In Passenger Vehicle Sales – GST Effect
Highlights
The idea of the Goods and Service Tax coming into effect alone had a meaty effect on several industries and the auto sector was one among them. The standardisation of taxes indicated that the cost of cars and SUV will considerably go down post-GST launch, which has largely affected car sales in June 2017. Few dealers have also reported a reduction in footfall with customers opting to delay buying fresh cars in orders to get better rates once the GST prices are announced. Several automakers have already reported a considerable drop in passenger car sales, while a few were fortunate enough to see marginal growth in year-on-year (YOY) sale for June. Here’s how top car manufacturers in India performed last month.
The country’s leading car manufacturer Maruti Suzuki as always was pretty much safe with cumulative sales of over 1.06 lakh compared to the 98,840 units sold in June 2016, registering a total growth of 7.6 per cent. Similarly, the carmaker’s domestic sales also went up by 1.Two per cent, with the company selling 93,263 units in June two thousand seventeen against the 92,133 units sold the same time last year. Having said that, passenger car sales, went down by Three.6 per cent in June, while UV sale went up up forty three per cent thanks to the Vitara Brezza. The company has already announced a three per cent cut in prices and the effects of this might soon reflect in the July sales.
Maruti’s key competitor Hyundai Motor India witnessed a decline of Five.6 per cent in domestic sales as the company only sold 37,562 units in June two thousand seventeen compared to the 39,807 units sold in June 2016. Compared to May two thousand seventeen however, which registered a total sales figure of 42,007 units, the drop in sales for June is even higher at Ten.58 per cent.
Ford India pretty much had a similar month with the company’s cumulative sales accounting for 20,828 vehicles compared to Nineteen,754 vehicles in the corresponding month last year, registering a growth of Five.1 per cent. Having said that, domestic sales for the month of June two thousand seventeen went down by over thirty per cent, with the company selling just 6,149 units compared to the 9,469 units sold in June 2016. Exports, on the other palm, shot up by thirty per cent as the company exported 14,679 vehicles last month compared to Ten,285 units in June 2016.
Home-grown automaker Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. Passenger vehicle business sales dropped by ten per cent, even however the company’s commercial vehicles business grew on a month-on-month basis. The company sold a total of 40,358 vehicles (passenger and commercial) last month, nine per cent lower than the 44,525 vehicles that were sold in June 2016. That said, Tata Tiago has received one lakh bookings as of June 2017. Tata Motors’ domestic sales for June two thousand seventeen were at 36,854 vehicles, lower by five per cent over 38,718 vehicles sold in June 2016. As for exports, Tata Motors spotted a drop of forty per cent in volumes with three thousand five hundred four units shipped in June 2017, as against five thousand eight hundred seven units exported during the same period last. The company said that the drop in numbers was owing to supply constraints.
Things weren’t all that good for utility vehicle manufacturer, Mahindra and Mahindra. The company reported a decline in total sales of eight per cent with the company selling just 35,716 units in June two thousand seventeen compared to the 39,009 units sold the same month in 2016. The domestic sale also went down by three per cent with sales in June two thousand seventeen accounting for 33,861 compared to the 34,989 units sold in June 2016. Exports took the largest hit of all at 1,855 units compared to last year’s Four,020 units, registering a massive fall of fifty four per cent. Passenger vehicle sales went down in India by five per cent, but commercial vehicle sales went up by twelve per cent in year-on-year sales.
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.
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