Car manufacturers post mixed sales in August; CV sales make big recovery

Key highlights:

• Maruti Suzuki's domestic sales stood at 1,52,000 units, up 26.7%
• Hyundai Motor India reported a 9% increase in domestic sales
• Tata Motors' commercial vehicle segment saw its domestic sales rise up by 34.53%

Car sales in August have been mixed, with some of the companies reporting a huge growth in sales during the month, while others reported a decline in sales. Manufacturers such as Maruti Suzuki India, Hyundai Motor India, Tata Motors and Mahindra & Mahindra reported a growth in sales during the month of August.

The country's largest car maker Maruti Suzuki India on Friday reported 23.8% increase in total sales at 1,63,701 units in August as against 1,32,211 units in the year-ago month.

The company's domestic sales stood at 1,52,000 units, up 26.7% from 1,19,931 units in August last year, MSI said in a statement.

The auto major further said sales of the compact segment comprising Swift, Estilo, Dzire and Baleno jumped by 62.4% to 74,012 units last month as against 45,579 units in the year-ago month.

Retail car demand remains muted in August despite wholesale sales build-up for festive season