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.
Comments
[...85% of the Indian cars are sold through a financed package (the world average is 70%).
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