Renault-Nissan's Kwid pulls it to third spot in Indian domestic sales for July
Nissan's recently launched Redi-Go in the same segment has received a major month-on-month spike of 35 per cent, selling 3,940 units in July compared to 2,925.
“Renault Nissan market share was primarily driven by single model Kwid, which contributed about two third of its July volume as compared to relatively diversified portfolio mix of M&M. Nevertheless, given healthy demand and long waiting period, Kwid's volumes are expected to remain strong in the near term,” says Subrata Ray, Senior Group Vice President of ICRA Limited.
Renault sold 9897 units of Kwid in July against 9459 units in June registering a month-on-month growth of about 5 percent. Nissan Motor Corporation reported domestic sales of 6,418 vehicles in the month July 2016 versus 2,841 units in July 2015. The Japanese carmaker reported growth in sales of 126% percent in July 2016, compared to the same month last year.
Nissan’s recently launched Rdi-Go in the same segment has received a major month-on-month spike of 35 percent, selling 3940 units in July compared to 2925 in the previous month.
Honda Cars India, which had sluggish sales, has jumped to fourth position outselling Tata Motors. Honda cars sold 14025 in July against 13586 units sold by Tata Motors. Tata Motors sales grew by 9 percent in July compared to previous month, while HCIL recorded a month-on-month sales growth of 23 percent in July at 14025 units compared to 11407 units sold in June.
“We have started reducing excessive stock of diesel cars and also aligned production to the current demand pattern that is why we have improved,” said Jnaneswar, Senior Vice-President of Sales and Marketing at HCIL. The company remains watchful of how the National Green Tribunal’s ruling on 10-year-old diesel car ban going to impact the demand pattern, he said, speaking of the change in sales pattern.
HCIL also introduced some offers last month to the diesel variants of City and Amaze. It has also outsold Toyota and Renault in India. However, Renault emerged the sixth-largest selling carmaker in July in India trouncing the Japanese automobile major Honda Cars India (HCIL).
HCIL’s all four best-selling models recorded strong sales in July. City’s sales grew 35 percent compared to the previous month to 4317. Amaze was up by 42 percent from June 2016 and Jazz sales also spiked by 35 percent in the same month-on-month period.
Renault India registered domestic sales of 11,968 units in July 2016 as against 1,686 units in the corresponding month last year, a whopping 609.8% jump. The cumulative sales figure for the period Jan-July stands at 73,863 as against 25,032 in the corresponding period last year, thereby registering growth of 195%.