Hatchbacks only segment to shine for auto makers during festive season
Strong sales in hatchbacks were the only one to save the automobile companies from posting huge dips in growth.
Despite a disappointing festive season for auto makers, there was one segment which was bright spot during the month of October. The B1 segment which includes hatchbacks has seen a 32.5% jump in sales during the month from the corresponding month last year.
Some of the cars in this segment include Chevrolet Beat, Datsun Go, Tata Tiago and Maruti Suzuki Celerio.
While Maruti Suzuki posted only a 4% rise in sales during the month, Maruti Suzuki Celerio posted the highest growth in sales of 43.8% year on year and 75.7% sequential growth in sales. Celerio sales grew to 9,581 units in October, according data from Society of Indian Automobile Manufacturers (SIAM).
Another car from the Maruti Suzuki stable, WagonR, posted only a 2.3% growth in sales in October from the same month last year.
Tata Tiago saw a 34% sequential growth in sales as it grew to 6,108 units during the month from 4,557 units in September.
Chevrolet Beat too posted a 10.6% sequential growth as sales increased to 823 units in October from 744 units in September. However, it saw a minor 1.3% decline in growth year on year.
However, only Indica Vista posted a decline in sales during the month in the segment as it sales dipped by 27.5% during the month.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
12:30 PM IST