In the month of August, twelve car makers together have reported a development of 16 percent at 2,55,000 units and it is further expected that Indian auto business sector will accomplish 3 million deals in FY17.
The double-digit development of carmakers is additionally seen on the incremental offers of main 10 offering autos in August 2016. The combined offers of the main 10 autos sold in August are accounted to be 1,40,972 units which is 55.28 percent of the aggregate offers of 2,55,000 units of all the OEMs.
Top 10 selling cars in August : Maruti Suzuki Dominates
Nation’s argest selling caro Alto has been confronting wild rivalry from Renault Kwid. The auto is seeing nonstop fall in deals from recent months. In the month of August, Maruti Suzuki sold 20,919 units of Alto contrasted with 23,017 units around the same time a year ago. Swift is likewise confronting genuine rivalry from senior Baleno.
The hatchback from Maruti managed to clock 13,027 units in August 2016 contrasted with 16,811 units around the same time a year ago. Be that as it may, Wagon R climbed one rung up at third position with 14,571 units in spite of falling deals.
Dzire, the compact sedan, is likewise seeing a precarious decrease in deals in most recent couple of months. The carmaker sold 15,766 units of Dzire in August 2016 contrasted with 18,718 units around the same time a year ago.
The South Korean carmaker, Hyundai snatched two positions in the rundown at fifth and seventh with Grand i10 and Elite i20. Out of all the main 10 models, Hyundai Grand i10 has constantly seen month on month development.
According to industry experts, the compact hatchback is mostly liked by the young buyers who are working and have disposable income. These particular buyers give preferences to looks, design and feature car which is missing in the segment. Hyundai sold 12,957 units of Grand i10 in the month of August 2016 compared to 10,255 units in the same month last year.
French carmaker Renault’s hit Kwid keep on growing solid month on month at the 6th position. Interestingly, Kwid has crossed 10,000 deals stamp as far back as the dispatch. Kwid which rivals any semblance of Alto and Eon is for the most part supported by youthful and first time purchasers. With late expansion of 1.0L engine, Kwid will advance escalate the opposition with Alto K10.
While the Japanese carmaker Honda autos India which had two models City and Jazz at eighth and ninth position in August a year ago has been supplanted by Baleno and Celerio around the same time this year.