Saturday, 1 June 2013

Maruti, Toyota sales decline in May; Honda, GM India up

New Delhi: With automobile market continuing to reel under a slump, major car makers Maruti Suzuki India and Toyota Kirloskar Motor on Saturday reported decline in domestic sales in May but Honda and General Motors posted good growth riding on new models Amaze and Chevrolet Enjoy respectively.

While Hyundai Motor India and Mahindra & Mahindra posted increase in domestic sales during the month, homegrown rival Tata Motors continued its sales slump in May.

Maruti Suzuki India (MSI) reported 13 percent decline in domestic sales at 77,821 units as compared to 89,478 units in May last year. While the company's sales of mini segment cars, including the M800, A-Star, Alto and WagonR, rose by 5.1 percent to 31,427 units, its compact cars, including the popular Swift model, saw a decline of 29.4 percent in sales at 17,147 units during the month.

Toyota Kirloskar Motor reported 35.33 percent decline in its domestic car sales at 10,023 units in May as against 15,501 units in the same month last year.

Commenting on sales, TKM Deputy Managing Director and COO (Marketing and Commercial) Sandeep Singh said: "The market continues to be sluggish. We have corrected the dealer's inventory levels and have been able to bring it down to less than 30 days."

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