Indian Automotive February 2011 sales - positive overall, negative exports and cautious moving further

The February 2011 vehicle sales stood healthy in spite of increase in the car prices that the automakers are passing on to their customers time to time.

Barring Honda, all OEMs have shown positive growth and for Honda its been a disappoint phase. It announced a recall of its popular City sedan model due to a fault in a part of an Engine aggregator. The recall was the 2^nd of this model in one year. City has so far been Honda’s bread and butter. Honda posted a 22%  Year on Year decline.

The Ford, VW, GM, Nissan have made significant sales numbers mainly due to their models in A1-A2 segment. Figo, Polo, Micra, Spark have all helped their companies make significant overall continued sales. The backlog for these models is also creeping up to 3-4 months now. The Etios from Toyota has also shown very good response from the market. Close to 5000 units are sold since its launch in mid Dec-2010.  The segment wise gap has been narrowing due to launch of many new models and Martuti, Hundai are facing the heat due to this.

The luxury segment has been posting a steady growth with Mercedes leading the pack with its highest ever monthly sales.

The CV segment also has shown a positive growth Year on Year. The export numbers have declined across segment in Feb2011-compared the same month in 2010.

The industry was keenly watching the union budget for an anticipated hike in excise. However Government decided to keep the excise rate same. However there is a likely hood of yet another increase in Petrol price. The commodity prices have increased significantly and inflation is still a cause of concern for middleclass Indians who are potential customers for A1-A2 segments.

Highlights:

	Feb-11	Feb-10
Hundai Motors
growth	-4.77%
sales	52007	54610
domestic	32629	31001
export	19378	23609
Maruti suzuki
growth	15.50%
sales	111645	96650
domestic	101543	84765
export	10102	11885
GM
growth	126%
sales	11,111	4921
TATA motors
growth	12%
sales	77543	69427
Domestic	10%
	73039	66190
Export growth	39%
	4504	3237
PV growth	18%
	31909	26165
CV (domestic)growth	5%
	41130	39205
lcv	23498	21618
M&HCV	17632	17456
M&M
growth	20.00%
Domestic growth	20%
	31967	26580
PV growth	16%
	15439	13350
4W pickup growth	13%
	9903	8733
3W growth	57%
	5725	3641
CV	900	856
exports	1411	1314
Ashok Leyland
growth	25%
sales	9800	7869
domestic	8984	7092
export	816	777
Honda
growth	-22.83%
sales	4843	6276
Mercedes
growth	51%
sales	662	439
Toyota
growth	55%
cars, SUV	9308	5993
Ford
growth	188.00%
sales	9293	3223
Eicher
growth	29.00%
sales	3916	2780
skoda
growth	39.00%
sales	2512	1805
VW
sales	7077	422
Nissan
sales	2081	44