The company posted growth of 11 per cent in its entry-level car category or mini segment, in which it sells the Alto and S-Presso models. The company’s mini-
were at 27,499 units during February compared with 25,885 units in January.
“Discounts have come down sharply with average ones of Rs 15,000-20,000 in Arena outlets while Nexa outlets are not offering any discounts,” said a market analyst. Mahindra & Mahindra (M&M) reported a 58 per cent YoY fall in PV sales in February as the automaker lowered its production of units compliant with BS-IV emission due to difficulties in procuring parts and components from China. The carmaker sold 32,476 units in February compared with 56,005 units last year.
In the utility vehicle (UV) category, which contributes nearly 100 per cent of its PV sales, M&M sold 10,675 units last month against 24,349 units in the corresponding period last year.
“The ramp-down of BS-IV vehicle production has been in line with our plan for February. However, because of the unforeseeable challenges on the supply of parts from China, our BS-VI ramp-up has been affected. This has resulted in high de-growth in our billing volume for February and our dealer inventory is under 10 days,” said Veejay Ram Nakra, chief of sales and marketing, automotive division, M&M. Tata Motors reported a 34 per cent decline in domestic sales at 38,002 units in February 2020 as compared to 57,221 units in the same month last year.
Following similar trends, Hyundai Motor reported a 10.3 per cent decline in sales at 48,910 units in February. The company had sold 54,518 units in the same month last year. Honda Cars India (HCIL) reported a 46.26 per cent drop in domestic sales at 7,269 units in February. The company had sold 13,527 units in the domestic market in February 2019.