Tata Motors sales fall 3 p.c. in August; Nano sales dip 85 p.c.
The New Jetta will be available in four variants -- trend line, comfort line and highline manual and DSG gearbox.
It is equipped with four cylinder CRDi engine with a six speed gear box in both manual and automatic transmission.
“With the introduction of the New Jetta our entire carline from the Polo to the Passat now offers the latest and the best to our customers,” Member of Board and Director, Volkswagen Passenger Cars, Volkswagen Group Sales India, Neeraj Garg told reporters in Mumbai.
The company had sold 32,000 units across all models in
“We have sold good number of Passat and Jetta in the last seven months. Despite economic slowdown we hope this New Jetta will help to increase our market share in coming days,” he said.
The car market last witnessed a fall in January, 2009, when sales shrunk by 3.16 per cent year-on-year. Last month’s decline is the steepest since November, 2008, when car segment sales fell by 19.34 per cent, he added.
The production loss at Maruti’s Manesar facility due to preparations for the launch of its new Swift model and realignment of its DZiRE model’s output also severely impacted sales, he said. Earlier this month, Maruti Suzuki India (MSI) said that due to these two planned activities, sales in July were negatively impacted by nearly 17,000 units. “There is no lack of demand, but just lack of conversion of demand into purchases by customers,” Mathur said.
SIAM Senior Director Sugato Sen said non-availability of certain components like castings also impacted the output of many car-makers. During the month, MSI India posted a 31.04 per cent dip in domestic car sales to 52,483 units.
Rival Hyundai Motor India’s sales were down by 11.49 per cent to 25,501 units. Tata Motors saw a decline of 43.13 per cent in sales to 13,997 units during the month. When asked about the outlook, Mathur said: “Interest rates and fuel prices are challenges for the market. Hopefully, interest rates have reached their peak... If crude continues to soften, then there may be some positive impact as it will lead to inflation coming down.”
The forthcoming festive season is also likely to help car-makers push sales, but to what extent it can boost growth has to be looked at, he added. The auto industry has started slowing down this fiscal, with the passenger car segment growing by only 7 per cent in May. In June, it saw its slowest growth rate in 27 months of 1.62 per cent.
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