Car sales in India on a new high in 2010

By Poonam Singhal on 4 February, 2010, 10:36 pm

The low interest rates & positive customer sentiments in India (about more jobs & hikes & bonuses) has given a boost to the car sales in India. Also adding fuel to the sentiment, was the price hikes announced by most car makers, starting from feb, and more hikes to be followed.

Following all these reasons, M&M, Tata Motors, GM & Hyundai saw a record growth in monthly sales figures of Jan 2010. Maruti Suzuki, the market leader, continued its leadership.

GM, which launched its new Beat in January, grew by a whooping 139%. They sold 9,421 units, comprising of 3,477 Spark, 2825 Beat & 686 Chevrolet Cruze sedan

Hyundai’s domestic market sales were up 41%, which is the highest monthly growth for the company, since its inception in India in 1998.

M&M’s utility vehicle sales grew 51%, led by the launch of Xylo, their new multi-utility vehicle.

Maruti’s sales went up by 21%. Their small cars, Alto, WagonR, Swift & Ritz, sales grew by 25%.

Tata Motors sale grew 43%.

So these figures show how positive the Indian customers are about the economy that is picking up. With more hikes, bonuses being announced, the auto makers can expect the demand to remain robust.

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