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Maruti & Other Auto Giants Reap Good Sales
Maruti accounted 28% rise in its growth on year basis with 121000 units in the last month of which 110000 units are of the domestic market with a rise of 39%. The contribution from Maruti A2 segment vehicles- Alto, WagonR, Estilo, A-Star, Swift and Ritz- was up by 43% with 78460 units. During the bygone Financial Year, Maruti faced the net sale volume of 11.32 lakh units making a growth of 30% than the sale achieved in the previous year. Toyota secured the sale volume of 9726 units in March making the growth of 41% on year basis of which its sedan Etios accounted for 3257 units.
M&M"s sale growth was by 19% in its passenger vehicles when in March it sold 17320 units. Nissan had a goon niche with its Micra which contributed the volume of 2020 units in the net sale volume of 2101 units. Skoda Auto witnessed the growth of 65% on year basis with the sale of 3009 units. Hyundai Motor has no cheer to share as its growth was not up to the mark. The company saw its domestic volume remaining on surface level with 31822 units in the FY and the export market grew by .9% with 23526 units. For the company the sale in March was up by 1% only with the sale of 55552 units. The company"s Director for sales and marketing said the company could post the volume facing a tough phase.
The story in two wheeler segment was on a contrasting note with Hero Honda posting a record sale volume of 515852 units in the month of March. The sale volume for the FY was 54.02 lakh units making a rise by 17% on yearly basis. TVS Motors posted the sale volume of 191000 units in March with the rise of 28%. The overall picture in the automobile industry during the last FY was a throttling measure amidst the rise in the interest rate effected by the Reserve bank of India. But the financial body analysts do not see any threat arising out of the rise in the interest rate claiming that any future rise may affect the car market. The ongoing trend in the rise of the automobile industry in India projects 14% rise in 2013-14 FY during which passenger car segment likely to boost the volume. Other factors that may boost the sale volume are likely to be urbanization and rise in the per capita income.
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