Automakers on Saturday posted sales numbers that pointed to weak consumer sentiment. Auto giant Maruti Suzuki’s sales grew by 1.6pc to 15,41,23 units in January 2020, as against 15,17,21 in January 2019.
Domestic sales figures increased by 1.7pc, year-on-year, to 144,4499 units and exports rose by 0.6pc to 9,624 vehicles, against 9,571 in January 2020.
Tata Motors’ overall sales in January declined by 18pc with a total 45,252 units sold, as compared with 54,915 vehicles sold in January 2019. Tata’s commercial-vehicle sales fell by 16pc to 33,860 units, from 40,175 the previous year, and passenger- vehicle sales declined by 22pc to 13,894 units, from 17,826 in January 2020 against January 2019.
Mahindra and Mahindra reported a 6pc fall in January sales to 52,546 units, against 55,722 sold in January 2019 month.
Domestic sales declined by 3pc to 50,785 units, against 52,500 sold in January 2019. Exports fell by 45pc to 1,761 vehicles against 3,222 shipped out in January 2019
Total sales in January 2020
Automakers are in the process of phasing out their BSIV cars by March 2020 and few have already launched BSVI models which received positive responses from consumers.