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.

(Photo Courtesy: Motorscribes)

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.(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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