The car market has moved into top gear with most of the companies clocking vigorous sales in March.Credit for all this goes to the cut on excise duty that was announced in this year’s budget.

Growth Chart:

Growth percentage-

Maruti Udyog Limited (MUL) - Rise of 16 percent

Hyundai- Rise of 26.5 per cent

Santro- 42 per cent

Skoda Auto India- Grew by 46 per cent

Ford India - Recorded 83 per cent sales

General Motors- Achieved 16 per cent growth in sales

Sales at Honda Siel Cars India (HSCI) - Grew by 19 per cent

No. of vehicles sold-

Maruti Udyog Limited (MUL) - 63,196 units

Hyundai- 30,038 units

Santro-16,838 units

Skoda Auto India-1,467 units

Ford India - 5,929 units

General Motors- 4,070 units

Sales at Honda Siel Cars India (HSCI) - 5,466 units

Seems ,that the domestic automobile industry is showing an improvement and will do so in this year span, which otherwise were just about showing signs of a slowdown.

Readmore