Mahindra Two-Wheelers Report: June Sales Grow 329%

Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, today announced that its sales for the month of June 2010 stood at 10017 units, as against 2333 units in June 2009, an increase of 329%.

Total cumulative sales from April to June 2010 stood at 27063 units, as compared to 6135 units for the same period last year, an increase of 341%.

“The popularity of our products continues to grow with each one of them catering to different consumer preferences and lifestyles. Coupled with this, our sustained and focused efforts to enhance brand awareness amongst our target customers, especially the Young Indian, as well as the strong equity that brand Mahindra carries, have been the cornerstones of our success in this quarter," said Mr. Anoop Mathur, Sector President and Member of the Group Executive Board, Mahindra & Mahindra Ltd.

Mahindra 2 Wheelers' Power Scooters caters to a range of target customers. The Mahindra Rodeo with its very innovative, contemporary features is popular amongst the Indian youth, while the Mahindra Duro is positioned as a family scooter. The Flyte is the Indian woman's two-wheeler of choice.

Source: The Mahindra Group

Toyota Kirloskar Motor Report: June sales Up 2%

Toyota Kirloskar Motor has registered a growth of 42% in sales in June 2010, compared to the corresponding period last year. It sold 6,180 units in June 2010 against 4,367 units in June last year.

Cumulative sales for the period January to June 2010 stands at 37,126 units, recording an increase of 76% over the same period last year.

Commenting on the performance, Mr. Sandeep Singh, Deputy Managing Director-Marketing, TKM said, "We are excited by the continued overwhelming response to our products, and more importantly we are happy with the confidence that our Indian customers have instilled in us over the years."

The company has ramped up production of the Fortuner in its Bidadi plant gradually, to meet the increased demand. The company is also rapidly expanding its sales and service network, it intends to take the dealership network to 150 outlets by the end of 2010, across the country.

Source: Toyota Kirloskar Motor

Tata Motors Report: June Sales up 49%

Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in June 2010 were 67,730 vehicles, a growth of 49% over 45,440 vehicles sold in June 2009. The company's domestic sales of Tata commercial and passenger vehicles for June 2010 were 62,602 nos., a 45% growth over 43,284 nos. sold in June last year.

Cumulative sales (including exports) for the company for the fiscal are 181,708 nos., a growth of 48% over 123,114 nos. sold last year.

Commercial Vehicles
The company's sales of commercial vehicles in June 2010 in the domestic market were 34,791 nos., a 33% growth compared to 26,245 vehicles sold in June last year. LCV sales were 19,652 nos., a growth of 21% over June last year. M&HCV sales stood at 15,139 nos., a growth of 52% over June last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are 97,229 nos., a growth of 35% over last year. Cumulative LCV sales are 55,073 nos., a growth of 21% over last year, while M&HCV sales stood at 42,156 nos., a growth of 58% over last year.

Passenger Vehicles
The passenger vehicles business reported a total sale and distribution offtake of 29,948 nos. (27,811 Tata + 2,137 Fiat) in the domestic market in June 2010, a 53% increase compared to 19,513 nos. (17,039 Tata + 2,474 Fiat) in June last year. Sales of Tata passenger vehicles were 27,811 nos., a growth of 63% over June 2009. Sales of the Tata Nano were 7,704 nos. The Indica range sales were 9,003 nos., lower by 12% over June last year. The Indigo range recorded sales of 7,502 nos., a growth of 113% over June last year. The Sumo/Safari range accounted for sales of 3,602 nos., higher by 9% over June last year.

Jaguar Land Rover sales continued their upward trend since launch in June 2009.

Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 78,336 nos. (72,236 Tata + 6,100 Fiat), against 50,691nos. (45,837 Tata + 4,854 Fiat) last year, a growth of 55%. Cumulative sales of the Nano are 14,779 nos. Cumulative sales of the Indica range are 26,507 nos., lower by 8%. Cumulative sales of the Indigo family are 21,303 nos., higher by 139%. Cumulative sales of the Sumo/Safari range are 9,647 nos., higher by 20%.

Exports
The company's sales from exports at 5,128 vehicles in June 2010 registered a growth of 138% compared to 2,156 vehicles in June last year. The cumulative sales from exports for the fiscal at 12,243 nos. are higher by 134% over 5,221 nos. in the same period last year.

Source: Tata Motors India

SkodaAuto India Result: June Sales Up 43%

SkodaAuto India, a fully owned subsidiary of SkodaAuto a.s., Czech Republic and one of the most promising automobile companies in India, today announced a sales growth of 43% for the month of June 2010 over the same period last year. SkodaAuto India's total sales for June 2010 stood at 1638 units against 1145 units in June 2009.

SkodaAuto India sales for the first half of 2010 (Jan-June'10) stood at an impressive 68% growth as compared to the same period last year. The company sold a total of 9814 units from January to June 2010 as against 5840 units for the same period last year. All the Skoda models have improved in their market share as compared to last year. Skoda Superb has been outperforming the D segment with almost 30% market share and has maintained the No. 1 position since its market introduction.

SkodaAuto's sales growth has been indicating an upward trend from the very beginning of 2010.

Speaking on the achievement Thomas Kuehl, Board Member, Sales and Marketing, SkodaAuto India said "Our commitment to quality and superior technology has enabled consumers to see value in our offering and that is evident from the growth figures for the first half of 2010. We are delighted to see this growth and extremely positive about continuing this growth trend. At SkodaAuto, we are constantly engaging with our customers and looking to enhance their experience through after sales and customer care. We are at a threshold of a very exciting period, as in addition to the existing fleet we will be entering new product categories and launch new cars. Our objective has always been to offer the best 'money for value' proposition across each category along with the SkodaAuto promise of roominess, solid built & safety."

Ashutosh Dixit, Senior General Manager, Sales and Marketing, Skoda Auto India commented "Our expansion strategy and solid dealer network has supported our growing sales and helped us cater to the increased demand. At SkodaAuto there is a conscious effort to ensure that the customer experience is enhanced during the after sales period. In line with our commitment to customers, we organized a 'Pre-Monsoon Campaign' at all Skoda dealerships across India ensuring a safe and hassle free driving experience for all Skoda lovers this monsoon"

For Skoda enthusiast in the interiors of India, SkodaAuto has initiated a month long "Fabia Float Campaign". A float displaying Skoda Fabia and a test drive car will travel across the interiors of various states such as Maharashtra, Gujarat and Punjab. This makes the Skoda Fabia freely available for potential customers in these states for a test drive in their own streets.

Internationally, SkodaAuto is one of the fastest growing automobile companies worldwide. The car maker has a strong presence in Central & Western Europe; it is also extremely successful in emerging markets like China and India.

Source: SkodaAuto India

Mahindra Auto Sales Report: June Sales Grow by 20%

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced that its auto sales for June 2010 stands at 27562 units, as against 22999 units for the same period last year, an increase of 20%.

The company's domestic sales stand at 26243 units, as against 22526 units in June 2009, an increase of 16.5%. Exports have grown by 179%.

The 3W-Gio-Maxximo range of products have registered a phenomenal growth of 125% over same period last year.

Despite the annual shutdown in the first week of June, the Auto Division had posted such strong growth rates.

The YTD UV sales which include the Scorpio, Xylo, Bolero and Pick-Ups, stand at 53948 units, as against 48720 units in June 2009, a growth of 11%.

The total YTD sales of Q1 F11 stand at 82093, as against 62869 for the same quarter of last year, a growth of 31%

Source: The Mahindra Group

General Motors India Result: June Sales Up by 112%

General Motors India has registered an impressive growth of 112% in sales in June 2010, compared to the corresponding period last year. It sold 9539 units in June 2010 against 4492 units in June 2009.

The June 2010 sales comprised 2,911 units of the Chevrolet Spark, 3,415 units of Chevrolet Beat, 1,423 units of the Chevrolet Tavera, 773 units of the Chevrolet Cruze, 398 Units of Chevrolet Aveo, 387 units of Chevrolet Aveo U-VA, 139 units of the Chevrolet Captiva and 93 units of Chevrolet Optra.

The increase in the sales was primarily driven by the tremendous response to the recently launched and much sought after Chevrolet Beat and Chevrolet Cruze and the extremely popular Chevrolet Spark. Chevrolet Beat and Chevrolet Cruze have become the industry benchmarks in their respective segments and a winner among consumers in India, with their best-in-class design, performance and other product attributes. Chevrolet Spark continues to register impressive sales, clearly validating it as the one of the most sought after car in its segment in terms of styling, performance and fuel efficiency offering a value for money proposition.

Commenting on the performance, Mr. P. Balendran, Vice President, GM India said, "We are excited by the continued overwhelming response to Chevrolet Beat, Spark and Cruze. Introduction of best-in-segment cars from the 300 series, increase in customer outreach through distribution network, our unique value proposition like Chevrolet Cashless Ownership offer and our promise to deliver quality and performance are the factors that have led to the impressive sales."

Chevrolet recently completed seven years of its successful journey after its foray into the Indian market. Launched in 2003, Chevrolet has become one of the most popular and the fastest growing automotive brands in the country, having sold over 3,00,000 cars in India. With a wide array of products and services, Chevrolet has brought unmatched product quality and unparalleled performance to the Indian consumers. To celebrate this important milestone and strengthen its ever increasing customer base, General Motors India has undertaken several initiatives like Chevrolet Free Mega Service Camps, the Mega Gold Rush Scheme for customers, several fun-filled activities around the Beat, gala evenings, special movie shows and a slew of dealer driven activities across the country to engage with its valued customers.

It may be recalled that the company has ramped up production by adding the second shifts at Halol and Talegaon plants recently to meet the increased demand of its products. The company is also rapidly expanding its sales and service network to support the increasing market demand of its cars. It intends to take the network to 300 sales points and an equal number of authorized service outlets by the end of this year from the current 206 sales points and 200 authorized service outlets across the country.

Source: General Motors India

IndusInd Bank to Provide Finance Facilities to Tata Motors' Dealers

IndusInd Bank Ltd. and Tata Motors have entered into an agreement, where IndusInd Bank will provide channel finance facilities to Tata Motors’ dealers.

The dealers of Tata Motors will now have access to ready upstream finance from IndusInd Bank to meet their working capital requirements in addition to the existing retail finance arrangements. IndusInd ranks in the top retail financiers for Tata motors commercial vehicle segment today. This tie up is a part of the strategic focus of IndusInd Bank in developing the supply chain business.

Mr. R. Ramakrishnan Vice President (Sales & Marketing, Commercial Vehicle Business Unit, Tata Motors Limited) said, “Tata Motors Commercial vehicle has a good share of business in the retail asset funding through IndusInd Bank and going forward, we want to leverage this tie up to garner even more business in the retail loan segment. We would also like to provide our Channel partners with the inventory funding from IndusInd Bank at reasonable and competitive rates. We are sure that our growing network will drive the tie up to achieve the aspirational growth targets.”

Mr Suhail Chander, Head Corporate & Commercial Bank, IndusInd Bank said, “We, at IndusInd, are already amongst the largest Retail Financier of Commercial vehicles in the country. A Channel Finance facility to the dealers is a natural corollary to this business. By introducing technology, we aim to create value in this partnership between the Dealer, Tata Motors & IndusInd Bank.”

Mr. Ramesh Ganesan, Head Transaction Banking, IndusInd Bank said, “IndusInd Bank’s focus is to expand the scope of client relationships by adding value to partners of our clients. There is an increased need for financing in this fast growing sector. We propose to deliver this product through a technological platform enabling integration with the manufacturer and the dealers, thus speeding up credit delivery at a reduced costsupported by widespread branch network.”

Courtesy: Tata Motors India