Domestic sales grew slightly by 1% for October 2014 at 97,069 units against 96,062 units sold in October 2013. The exports for the month de growth by 1.06% with 6,904 units against 9,025 units for October 2013.
The Cumulative sales for April to October period of FY 2014-15 stood at 655,399 units against 582,970 units sold during the same period of previous year, registering 12% growth. Domestic sales for the period in review were 725,765 units which grew by 12% as compared to the same period of FY 2013-14.
Ciaz has registered impressive growth in October 2014.Sales for Cars during April to October period of FY 2014-15 registered 10% growth against the same period of previous fiscal. Sales of Van segment grew by 28% while Utility Vehicles/MUV registered 14% growth for April-October period of FY 2014-15 against same period of previous year.Minor growth in Small economy segment, Compact segment has performed better than small car segment.Half Yearly FY 2015 financial and Sales analysis overview:
Domestic sales registered growth 19% in Q2 FY 2015.
Sales for Cars during Q2 FY 2014-15 registered 15.3% growth against the same period of previous fiscal. Sales of Van segment grew by 45% while Utility Vehicles/MUV registered 38% growth for Q2 period of FY 2014-15 against same period of previous year.
Sales for small cars during Q2 FY 2014-15 registered 11% growth against the same period of previous fiscal. Sales of Economy class compact segment grew by 18% while Super compact registered 91 due ti Ciaz model growth for Q2 period of FY 2014-15 against same period of previous year.
Latest updates:
1. Maruti is going to launch Alto K10 new version with new feature on 3rd November 2014. Expected New features : Dual tone interior, K1000 cc new engine, Auto transmission, SRS Airbag.
2. Maruti Suzuki Swift now with better fuel efficiency with refined engine by 10%, claimed by company.
3. Due to festive season, company has invested more on sales promotion.
Source: Maruti Suzuki, ACG
1% growth is as good as flat. If viewed from the perspective that the entire festival period was clustered in October,2014 unlike the previous year,then it is a bigger cause of concern. Talking of cumulative sales, most companies are showing robust growth based upon the dream run in the first quarter of this fiscal.
Nikunj Sanghi
Automobile Dealer and Past President FADA