February saw mixed sales numbers in terms of automobile sales in India. Few factors that affected sales were unexpected hike in fuel prices, high interest cost and general hike in car prices.
Maruti Suzuki, India's largest carmaker reported a sales growth of 8.7 percent, selling 118,551 units last month.
South Korean carmaker Hyundai, who is based in Chennai, recorded a sales growth of 2.4 percent in February, including exports. Hyundai sold 47,612 units during February 2015.
Tata Motors recorded 11 percent overall growth, including exports. Domestic sales alone, Tata Motors recorded 14 percent growth.
Mahindra, India's largest Utility Vehicle maker recorded 10 percent decline in sales, including exports. Domestic sales alone registered a decline of 11 percent in February.
Japanese carmaker Toyota registered a growth of 17 percent in sales, including the company's exports.
US carmaker General Motors' sales plummeted 22.95 percent last month. GM took the worst beating in terms of sales.
Honda, the other big Japanese player in the Indian car market, registered a growth of 16 percent last month in sales.
|Manufacturer||Sales in Feb 2015 (% Growth/Loss) |
|Maruti Suzuki|| +8.7 % |
|Hyundai|| +2.4 % |
|Tata Motors|| +11 % |
|Mahindra|| -10 % |
|Toyota|| +17 % |
|General Motors|| -22.95 % |
|Honda|| +16 % |