Auto News

Auto sales driven by new models and low interest rates

By Motortrend India Staff   |   01 July,2009

Car sales in India registered seven straight month of growth in June, aided by the falling interest on auto rate and with the launch of new models.

India’s biggest car manufacturer Maruti Suzuki, continued its strong performance by selling 61,773 vehicles in June, 10% more than in June 2008. It also posted a three-fold increase in exports to 13,336 cars, taking its June tally 75,109 units.

Hyundai Motors, with its robust car exports helped India post 18% increase in sales in June to 47,267 cars. Sales to overseas markets grew 33% to 24,251 units. But domestic sales growth was subdued at 5% to 23,016 cars for lack of new models in the past many months. The i10 and the i20 pulled sales for the company as the Santro and Getz lost customer interest.

Tata Motors in the meanwhile posted flat sales at 17,039 cars in the month compared with 17,017 units sold in June last year. The bulk of its sales came from flagship model Indica hatchback, which saw 19% higher sales at 10,210 units. Sales of the Indigo sedan declined 26% to 3,522 units in the month. Utility vehicle Sumo and Safari declined 11% to 3,307 units last month.

Mahindra and Mahindra’s (M&M ) domestic sales jumped 24% to 22,526 units in June. While demand for its utility vehicle range, comprising Bolero, jumped on the back of strong rural markets, the Logan sedan continued to have a tough time as sales dropped to 501 cars in June against 1,351 cars in the same month last year.

Honda Siel Cars recorded a 6.5% increase in sales to 5,039 units on the back of the 2,032 dispatches of its newly launched Jazz hatchback to dealers. Its flagship brand, the City, continued to do better than rivals, selling 2,351 cars in June. Demand for Honda’s other brands, Civic and Accord, was sluggish with 451 and 205 sedans sold in June.

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