Tata Motors shows a disappointing performance
The month of December is here and less that, 4 months are left in the current financial year. Indian auto market has seen a boom in the recent times but the current sales figures show that most automakers in India would be left with a single digit increase in their performance for the year. Amongst the top three automakers in the Indian market, Tata Motors seems to be the worst performer if the sales numbers are to be believed.
Tata Motors has shown the worst performance of the top three in the first nine months of 2005-06 in the compact car segment. Tata Indica volumes slipped 1.8% to 68,440 units in this period. Tata Indigo showed an even bigger slide with 5% to 24,439 units. Market leaders Maruti on the other hand sparkled with impressive growth figures of 25%.
South Korean auto giant Hyundai saw a growth of 17.5%. Market experts believe that the major reason behind the bad performance of Tata Motors was low incentives offered to the end consumers. And auto maniacs would agree to the fact that Tata cars continues to face problems with quality and overall service offered by the dealers of the company.
In terms of individual brands, Alto, WagonR, and Santro are the only models to have seen increase in sales figures compared to last year. Maruti seems to have benefited a lot from the Suzuki Swift model, which has resulted in their stellar performance.