Hero Honda steals the show as autos ease in boom run
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. Auto sales: A little bit slowerautos Updated: May 03, 2011 01:46 IST
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.
"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.