Automobile sector in India is growing with every single passing day. For people who are looking forward to buy a new car, there are many options from different companies in different price range for almost all category of people in the country. Automobiles are taking a new turn in the country with the graphs going higher by every month.
To everyone’s surprise, Renault-Nissan alliance has been highlighted in the month of July in India by Kwid’s success. Kwid has managed to grab the thrid position in the list of Indian Domestic Sales in July. The Franco-Japan collaboration company has been able to sell out almost 18,386 units , and that’s huge.
“Renault-Nissan market share was primarily driven by single model Kwid, which contributed about two-thirds 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.
Renault managed to sell 9459 units in June whereas it sold 9,897 units of Kwid in July. With this Renault registered a month-on-month growth of about 5 per cent. Nissan Motor Corporation’s domestic sales have been registered of 6,418 vehicles in July 2016 which were only 2,841 units in July 2015. The Japanese carmaker has allegedly reported 126 per cent growth in the sales of its major cars in July 2016 compared to the same month of the last year.
Nissan’s has recently launched the all new Redi-Go in the same segment and surprisingly it has also received a major month-on-month spike of almost 35 per cent. The company was able to sell more than 3,900 units in the month of July as compared to June where it only sold 2,925 units.
“We have started reducing excessive stock of diesel cars and also aligned production to the current demand pattern that is why we have improved. 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,” said Jnaneswar, senior vice-president of sales and marketing at HCIL.
