Car manufacturers witness flat domestic sales due to Kerala floods

The flat performance of the industry will slow down the 13 per cent growth rate seen in the April-July period of FY19, in the April-August period

The fast-growing domestic car manufacturing industry witnessed a flat performance in the month of August, impacted by floods in Kerala and heavy rainfall in several other states. Maruti Suzuki and Hyundai, the top two manufacturers, reported a year-on-year decline of 3.6 per cent and 2.8 per cent, respectively, in domestic sales. Only two companies — Tata Motors and Toyota — managed to buck the trend with double-digit growth.

Based on the numbers sold by top seven players, the passenger vehicle (cars, utility vehicles and vans) industry’s domestic volume of 269,036 units in August was marginally lower compared to the year-ago