The Government has banned the high-value currency notes to vanish black money in the country, which impacts indirectly sales of two-wheelers and commercial vehicles in the last month. Besides, the passenger vehicle manufacturers have managed to get the positive sales with the demanding products and new launches like Maruti Suzuki Vitara Brezza & Baleno, Toyota Fortuner & Innova, Hyundai Creta and Renault Kwid.
The biggest PV manufacturer, Maruti Suzuki has reported 14.1% growth with the sales of 1,26,220 units in India , compared to 1,10,599 units in sales in November 2015. The mini car segment with the Alto and Wagon R raised by 8.2% in the last month. The demand for the utility vehicles, including S-Cross, Brezza, Ertiga and Gypsy, doubled and the compact car segment raised by 10.8% during the month.
Tata Motors and Toyota companies have reported 22% and 10% growth with the sales of 12,736 units and 11,309 units respectively in the last month. The utility vehicle major, Mahindra has declined 33% to 13,217 units in the last month from 19,662 units in November 2015.
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The German brand, Volkswagen India reported 107% of highest sales growth in the Indian auto market with the new car and special edition launches. Volkswagen has sold 4,014 units in November 2016 and just 1942 units in the same month of an earlier year.
The commercial vehicle major, Ashok Leyland reported 7% growth in the last month with sales of 9,574 units, as against 8,971 units in November 2015. With the highest volumes of Renault Kwid, Renault India has reported 23% growth in the last month compared to year-ago month sales.
Ford has sold 6,876 units and declined its sales to 21.6% in the last month, compared to year-ago month sales of 8,773 units.
|Auto Manufacturers||November 2015 (Units)||November 2016 (Units)||% Change|
|Mahindra & Mahindra||19662||13217||-33|