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Automobile manufacturer post healthy March sales figures (Roundup)
Mumbai/Chennai, April 2 (IANS) An impending price hike, along with robust domestic demand and positive macro-economic growth indicators, led major automobile manufacturers to post healthy sales figures for March 2018.
On Monday, Hyundai Motor India (HMIL) reported a rise of 8.8 per cent in its overall sales including exports for March 2018 to 60,507 units from 55,614 in the corresponding period last year.
The company sold 48,009 vehicles in the domestic market last month, while it exported 12,498 units. Further, HMIL reported the highest financial year domestic sales of 536,241 units compared to 509,707 units sold in 2016-17, registering a growth of 5.2 per cent.
Similarly, Mahindra and Mahindra (M&M) reported healthy off-take for March 2018. Its overall monthly sales grew by 10 per cent to 62,077 units, against 56,202 units sold during the same month of last year.
M&M’s domestic sales rose to 58,653 vehicles and exports edged-up to 3,424 units. For the financial year ended March 31, 2018, M&M’s auto sales stood at 549,154 vehicles compared to 507,598 vehicles during FY2017, registering a growth of eight per cent.
On Sunday, Maruti Suzuki India had reported a 14.9 per cent rise in its March sales at 160,598 units, as compared 139,763 units sold in the same month last year.
According to the company, domestic sales in March stood at 148,582 units, up 16.1 per cent from 127,999 units sold in the same month last year.
The automobile major closed the financial year ended March 31 with its highest ever total sales of 1,779,574 units, at a growth rate of 13.4 per cent.
Another automobile major, Tata Motors, on April 1 had posted a 35 per cent increase in its March sales to 69,440 units, as compared to 51,309 units in the same month last year.
“In March 2018, Tata Motors registered a growth of 35 per cent at 69,440 units as against 51,309 units over last year due to the continued strong sales performance of its commercial and passenger vehicles business in the domestic market,” the company had said in a statement.
Two-and-three-wheeler maker TVS Motor Company closed last month with 27 per cent growth in sales volume.
The company said it sold 326,659 units (315,765 units of two wheelers and 10,894 units of three wheelers) in March, up from 256,341 units (two wheelers — 250,979 units and three wheelers — 5,362 units) sold in March 2017.
Besides, two-wheeler major Hero MotoCorp reported a 20 per cent year-on-year rise in its monthly sales for March 2018 to 730,473 units from 609,951 units in the corresponding month of the previous year.
In the last financial year, the two-wheeler major’s sales grew by 14 per cent to 7587,130 units from an off-take of 6,664,240 units in 2016-17.
In addition, Honda Motorcycle and Scooter India’s (HMSI) total sales. including exports, increased to 440,499 units from 366,090 units sold in the corresponding period of 2017.
On the overall automobile sales trend, Sridhar V, Partner, Grant Thornton India told IANS: “Sales picked up on various positive economic indicators and the year end push post budget indications of a possible upward pricing from April 1 on some vehicle segments on account of increased import duties.”
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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