Categories: Business

MG Motor sales up 40% in July, Hyundai and Toyota Kirloskar sales decline


MG Motor retail sales increase by 40 per cent in July

new Delhi. MG Motor India's retail sales rose 40 percent to 2,105 units in July. The company sold 1,508 vehicles in the same month last year. MG Motor India director-sales Rakesh Sidana said the overall market environment remains uncertain due to the lockdown at various stages. In particular, the supply of components from the Chennai region has been affected. He said that despite the challenges, production in July was on par with June. The company expects the situation to improve during the festive season.

Sales of Hyundai declined by 28 percent.

Hyundai Motors India Limited's (HMIL) sales fell 28 percent to 41,300 units in July. In the same month last year, the company sold 57,310 vehicles. The company said in a statement on Saturday that its sales in the domestic market fell by two percent to 38,200 units from 39,010 units in July, 2019. Similarly, the company's exports fell by 83 percent to 3,100 units. The company exported 18,300 vehicles in the same month last year.

HMIL Director (Sales, Marketing and Services) Tarun Garg said that the company has been successful in making some contribution in reviving the country's economy. The new Creta SUV, Venue and the new Verna, and compact cars, the Elite i10 and Neos, contributed mainly to the company's sales in July.

Toyota Kirloskar sales down 48 percent in July at 5,386 units

Domestic market sales of Toyota Kirloskar Motor (TKM) declined by 48.32 percent to 5,386 units in July. In the same month last year, the company sold 10,423 vehicles in the domestic market. The company's sales in the domestic market stood at 3,866 units in June. TKM Senior Vice President (Sales and Services) Naveen Soni said in a statement that despite a number of challenges, the company's retail and wholesale sales in July were better than in June.

He said that June was the first month after the unlock. Demand again recovered and retail sales were good. This was due to pending orders and suppressed demand of the customers. He said the company had to temporarily close its plant for four days due to the lockdown in Bengaluru last month. Due to this, production was also lower than planned.

This post was published on August 1, 2020 3:39 pm

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