News Business Car sales up 8.28 pc in June, Maruti Suzuki India leads

Car sales up 8.28 pc in June, Maruti Suzuki India leads

New Delhi, Jul 10: Driven by market leader Maruti Suzuki India, car sales in the country grew 8.28 per cent to 1,55,763 units in June 2012 amid tough market conditions.According to figures released by the

car sales up 8.28 pc in june maruti suzuki india leads car sales up 8.28 pc in june maruti suzuki india leads
New Delhi, Jul 10: Driven by market leader Maruti Suzuki India, car sales in the country grew 8.28 per cent to 1,55,763 units in June 2012 amid tough market conditions.



According to figures released by the Society of Indian Automobile Manufacturers (SIAM) today domestic car sales stood at 1,43,851 units in the same month last year.

"June car sales grew because of the low base in last year due to industrial problems at some manufacturers' plants. So this has been reflected in this year's figure," SIAM Senior Director Sugato Sen told reporters here.

Country's largest carmaker Maruti Suzuki India (MSI) had witnessed strike by workers at its Manesar plant in June last year, which had severely hit production.

In June this year, MSI sold 70,977 units, up 23.11 per cent, as against 57,653 units in the same month last year.

Rival Hyundai Motor India Ltd posted a marginal increase in sales to 30,363 units in June this year, as against 30,302 units last year.

Tata Motors, on the other hand, witnessed a decline of 26.6 per cent to 13,595 units, from 18,522 units in June 2011.

"Overall, there is moderation in sales growth and reasons, we all know, are high petrol prices and interest rates. For the future, we are optimistic as interest rates are stable and we hope that they will come down," SIAM President S Sandilya said.

SIAM said that in terms of volumes, car sales in June this year were the lowest since October 2011 which stood at 1,38,095 units.

According to the SIAM data, motorcycle sales grew 6.58 per cent during June this year to 8,79,713 units from 8,25,388 units in the same month last year.

Market leader Hero MotoCorp posted sales of 4,89,505 units during the month as against 4,66,501, up 4.93 per cent.

Bajaj Auto Ltd's sales in June stood at 2,11,510 compared to 2,08,883 units in the same months last year, up 1.25 per cent.

Honda Motorcycle and Scooter India (HMSI) registered sales of 95,315 units during the month against 61,435 units in June last year. TVS Motor Co's sales, on the other hand, were at 44,375 units compared to 50,835 units in June last year.

Total two-wheeler sales in June this year grew 9.2 per cent to 11,69,733 units from 10,71,161 units in the same month last year, SIAM said.

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