Four-wheelers grow
The country’s largest four-wheeler manufacturer Maruti Suzuki sold 71,000 units in India, a 36.5% increase over previous year’s December. Counted with exports, Maruti’s sales grew at 50.6%.
Hyundai Motor India, the number two player in India, too registered an impressive 42.6% domestic growth year-on-year. In December, Hyundai sold 47,217 units compared to 38,502 units in December 2008. Exports for the company grew by 9% taking the cumulative growth tally to 22.6%. Expectedly, Hyundai’s A2 segment cars like Santro, Getz, i10 and i20 cornered the bulk of its sales. “With the overall economic scenario improving the Indian automotive market seems to have stabilized but we must thank the Indian government for the timely intervention last year. The stimulus package certainly helped the automotive industry and we hope the government will continue with this at least for some more time,” said Arvind Saxena, Director – Marketing and Sales, HMIL.
“For Hyundai, introduction of new products like the i20 helped as in the last few months it has become an important contributor to our sales,” Saxena said.
Sales for Mahindra & Mahindra (M&M), a major player in the utility vehicles (UV) space with vehicles such as the Scorpio, Bolero and Xylo, grew at 122%. It sold 22,754 units last month compared to 10,253 units in December 2008.
Two-wheeler tally
Among motorcycle, leader Hero Honda said it sold 3.75 lakh units versus 2.15 lakh units year-on-year, a 74% growth. Hero Honda said it would launch new models across various segments by March.
The number two player in the segment, Bajaj Auto, has not yet released its December sales tally.
TVS Motor Company registered a domestic growth of 42% in December over the same month last year, selling 1,02,479 units compared to 72,355 units.
source-http://www.moneycontrol.com
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