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Post GST price cuts, auto makers report strong sales

Goods and Services Tax - GST - Dated:- 2-8-2017 - New Delhi, Aug 1 (PTI) Major automobile makers today reported robust sales growth across segments driven by price reductions and restocking of vehicles at dealerships post GST implementation. Led by m .....

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mestic market sales. Maruti Suzuki India (MSI) posted a 22.4 per cent increase in domestic sales at 1,54,001 units as against 1,25,778 in July 2016. The company's growth was driven by compact segment - comprising Swift, Estilo, Dzire, Baleno and .....

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ago month, MSI said in a statement. Tata Motors said its passenger vehicles sales in the domestic market grew 10.23 per cent to 14,933 units last month as against 13,547 in July last year. There was an an improved customer buying sentiment post Goods .....

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. Stating that there was administrative challenges associated with the introduction of GST in July, Ford India President and Managing Director Anurag Mehrotra said, adding that going ahead there will be short-term headwinds associated with GST and ri .....

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mestic sales at 39,762 units last month compared to 35,305 units in July 2016. A good monsoon, successful GST rollout and a good run-up to the festive season gives the company confidence of achieving robust growth in second quarter, M&M President .....

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onsoon and onset of festive season in many regions from August will give another boost to our sales, HCIL President and CEO Yoichiro Ueno said. The country's second largest carmaker, Hyundai Motor India Ltd (HMIL), however, reported a 4.38 per ce .....

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ood monsoon would increase customer confidence and sentiment towards vehicle buying. In the commercial vehicles segment, Tata Motors said its domestic sales were up 15 per cent at 27,842 units last month following ramp-up of BS-IV production across s .....

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ja Group flagship firm Ashok Leyland reported a 14.19 per cent increase in total sales at 11,981 units in July as against 10,492 units in the same month last year. In two-wheeler segment, market leader Hero MotoCorp reported a 17.13 per cent increase .....

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