Hero Honda steals the show as autos ease in boom run | autos | Hindustan Times
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Hero Honda steals the show as autos ease in boom run

autos Updated: May 03, 2011 01:46 IST
HT Correspondent

The world's largest two-wheeler maker Hero Honda stole the limelight in April as the automobile industry ended its run of successive record monthly sales to take a breather.

Hero Honda notched up sales of over 500,000 units for the second straight month to hit an individual monthly high of 517,099 units, over 39% higher than in April 2010.

In the process it left rivals Bajaj and TVS, which also grew by double digits, way behind. http://www.hindustantimes.com/images/HTPopups/030511/03_05_11-buss23f.jpg

"It is extremely heartening to begin the new fiscal year with our best-ever monthly sales. This has been possible due to our all-round growth - across all categories and segments," said Anil Dua, senior vice-president, marketing and sales, Hero Honda Motors Ltd.

Growth in car sales decelerated to a lower gear in the month as market leader Maruti Suzuki India Ltd sold less than 100,000 cars in a month for the first time in four months. The firm sold 87,144 vehicles last month to post a growth of 8.9%.

Rival Hyundai Motor had a better outing among the big three with sales growing by 11% to 31,636 units during the month.

Tata Motors recorded almost flat growth during the month even as sales of its small car Nano witnessed its best-ever month, crossing 10,000 units for the first time.