Petrol Stop - Automobile firms report robust sales in January

Automobile firms report robust sales in January

Tuesday, 02 February 2010

02 Feb 2010;deccanherald.com:Mumbai: The Indian automobile industry has come out with robust sales in January, with Tata Motors reporting a 77 percent rise in sales followed by Mahindra & Mahindra (M&M) at 67.4 percent, while Hyundai and Maruti Suzuki reported a 41.6 per cent and 33.3 per cent jump in sales respectviely. In terms of physical numbers, Tata Motors sold 65,478 vehicles in January as against 36,931 vehicles sold in the same month last year, while M&M sold 28,988 units against 17,320 units in the same month last year. Hyundai sold 52,635 units in January 2010 including exports, while Maruti Suzuki sold 95,649 units. Exports of Hyundai, according to company Director (marketing & sales) Arvind Saxena, grew 42.58 per cent to 23,034 units from 16,155 units in the year-ago period. In its A2 segment, the company sold 47,104 units, while in the A3 segment (Accent and Verna) sales were at 5,502 units. Its domestic sales were the highest recorded since its inception in India in the year 1998. Two-wheeler sales Similarly, exports of Maruti Suzuki rose over three-fold to 14,562 units in January, 2010 as against 4,774 units in the same month in 2009. The robust sales are not specific cars & utility segment alone, even two-wheeler segment also posted healthy sales in the month of January. For instance, Chennai-based auto maker TVS Motor reported a 34 per cent jump in January at 1,25,578 units against 93,729 units in the same month last year, while Suzuki Motorcycle India reported a jump of 93 per cent at 20,441 units over the same month in 2009. At the same time, exports of TVS Motor during the month grew 15 per cent to 16,074 units versus 14,000 units in January 2009. Its three-wheelers sales were up at 1,710 units in January 2010 as against 466 units in the same month last year. DH News Service