Auto sales rev up faster, Tata, M&M lead growth
Showing that the surge in the previous quarter was not a flash in the pan, domestic car and two wheeler sales started the new year on a high in data released on Monday.autos Updated: Feb 01, 2010 23:14 IST
Showing that the surge in the previous quarter was not a flash in the pan, domestic car and two wheeler sales started the new year on a high in data released on Monday. If it was the turn of market leaders Maruti and Hero Honda, who hit respective monthly sales peaks in the fag end of 2009, Hyundai, Tata Motors and Mahindra and Mahindra, led the growth in January this year with their own all-time high sales figures.
Hyundai clocked domestic sales of 29,601 units, up 41 per cent over the same month last year and the most it has sold in India ever. Same for Tata Motors, which sold 22,707 cars last month, 47 per cent more than last year and with not much help from the car of the year, Nano. It contributed just about 4,000 units in January.
“We have started the year on the right note and hope the momentum will continue with the help of the stimulus package offered by the government,” said Arvind Saxena, director, marketing and sales, Hyundai Motor India Ltd.
Market leader Maruti Suzuki sold over 81,000 units during the month registering a growth of 13 per cent over last year. This was, however, lower than the over 84,000 cars it had sold in December 2009.
Utility vehicle major Mahindra and Mahindra too started the year on a high with a 51 per cent increase in sales of its vehicles at 20,332 units.
“This is one of our best monthly sales figures and the heartening thing is that unlike in the past, all our vehicles grew very well,” said Arun Malhotra, senior vice-president, sales and channel development, automotive sector, M&M.
In the two wheeler segment, Hero Honda led the growth yet again with a 23.6 per cent higher sales.