Highest growth of 53% in Rs 8-10 lakh car segment; BR-V, Creta, Vitara Brezza power up sales
The other car segments however grew very marginally or even posted declines.
The C2 car segment accounted for a majority of the sales in the month of May. The growth in sales in the C2 car segment has increased by more than half in May in comparison to the corresponding month last year. The segment saw a 53.5% growth in May with 42,084 units sold in comparison to 27,414 units sold in May 2015.
The C2 car segment consists of sedans and SUVs in the price range of Rs 8 to Rs 9.5 lakh.
The other car segments however grew very marginally or even posted declines. For instance, the B2 car segment grew by 21.1%, while the A segment grew by 0.43%, B1 segment by 12.23%. The car segments on the decline included the Utility segment which fell by 15.33%, C1 segment dropped by 20.3%, D1 segment and D2 segment fell by 42.5% and 40.5% respectively.
The only segment which grew much higher was the premium car segment, albeit at a much lower base. The sales grew by 73.68% in May from the corresponding month last year, as sales grew to 33 units in May 2016 from 19 units the same month last year.
The main reason for this large increase is the introduction of new cars especially in the C2 SUV segment which have seen large sales volumes in May. This includes new cars such as Hyundai Creta, Mahindra TUV 300, Maruti Suzuki S-Cross, Maruti Suzuki Vitara Brezza and Honda BR-V.
For instance, Hyundai Creta posted 7,057 units in May, while the Maruti Suzuki Vitara Brezza sold 7,193 units, Honda BR-V posted sales of 2,344 units growing by 75.8% in the second month since its launch.
Apart from this, among the older models in the segment the Volkswagen Vento (C2 sedan) posted an impressive over 30-fold growth in sales as its sales increased to 995 units from just 33 units in May last year.