Sales of passenger vehicles in the domestic market continued to post strong growth rates in March, with sales of ten leading manufacturers increasing by 25.14 per cent to 226,161 units, compared with 180,724 units in the year-ago period. Two-wheeler makers saw a sustained growth in demand for motorcycles and scooters in March, with Hero Honda, TVS Motors and Honda Motorcycle and Scooter India reporting impressive sales.
Maruti Suzuki India Limited (MSIL) and Hyundai Motor India Limited (HMIL), which together account for over 65 per cent of passenger vehicle sales in the country, posted record sales last month. While MSIL’s overall sales (including exports) rose to an all-time high at 121,952 units, HMIL reported record sales of 55,552 vehicles during the month. Tata Motors and Honda Siel Cars bucked the trend and posted a decline in sales in March. Tata Motors sales declined marginally to 29,543 units, owing to a drop of about 40 per cent in sales of small car, Indica at 6,937 units. At 8,707 units, Nano sales, however, continued to rise. Sales of the small car had dropped to an all-time low of 509 units in November, 2010. Sales of Mahindra &Mahindra passenger vehicle grew by 19 per cent to 17,320 units, compared with 14,609 units in March, 2010.
Company | Mar'10 | Mar'11 | % increase |
Maruti Suzuki | 79530 | 110424 | 38.8% |
Hyundai |