Automakers On Course For Double-Digit Sales Growth in February

Indian automakers are likely to post double-digit sales growth in February, according to a BloombergQuint survey.

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Car and Bike
2 min read
Automakers On Course For Double-Digit Sales Growth in February

India automakers are likely to post double-digit sales growth in February, according to a BloombergQuint survey of 35 dealers across the country. Reasons: improved domestic demand, new launches and a low base effect.

Auto sales estimates for the month of February.
Auto sales estimates for the month of February.
(Photo: BloomberQuint)

Takeaways From The Auto Dealers’ Survey

Maruti Suzuki

  • January and February are reasonably good months
  • Swift 2018 being received very well and bookings are coming in hot
  • Swift Dzire, Brezza continue to remain among the top selling models
  • In NEXA segment, Brezza and S-Cross have highest waiting period of almost 3-4 months

Mahindra & Mahindra

  • Metros and south region are slow, rest doing well
  • Balero and Scorpio selling better than others
  • XUV500 sales are slow

Tata Motors

  • Strong month across the board for sales
  • Focus on premium products
  • Top sellers: Tiago in the hatchback and Nexon in the SUV space

Hero MotoCorp

  • Low base of last year aided sales
  • Focus continues to remain on premium bikes
  • Still lags TVS Motor in the scooter
  • Maestro Edge and 125cc Duet reducing the gap

TVS Motor

  • Newly launched 125cc scooter NTORQ
  • Priced aggressively in the range of Rs 55,000-60,000.
  • Seeing healthy pickup in demand

Bajaj Auto

  • Strong growth seen in the entry segment
  • Domestic volumes to pickup after launch of new Discover and Avenger bikes

(This article was first published on BloombergQuint and has been republished with permission.)

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