With big Auto giants like Mercedes, BMW launching new models in India, it can be clearly seen that auto mobile makers have started releasing the potential of Indian markets. There has been a steep rise in the sales of automobiles in the first quarter of 2010.The main reason for the rise of auto sales is because of the easier availability and flexibility of financing options.
Maruti Suzuki sold 1, 00,857 units in July 2010, an increase of 29%, as compared to 78,074 cars in July 2009. “This is the second time in this fiscal that the company’s monthly sales figure have crossed 1, 00,000 units. Domestic sales in July 2010 are also the highest ever in a month Maruti Suzuki stated.
The carmaker sold 90,114 cars in the domestic market and exported 10,743 cars during the period under review. Hyundai Motor India returned to the number two slot, after being piped by Tata Motors last month, by selling 50,411 units as against 45,539 units in July 2009, registering a 10.7% growth.
One can surely expect the market to remain positive in the next quarter, on the onset of festive season coming ahead. This rise in demand for cars may have a counter effect in terms of price hikes by popular car makers.
Source: Indian Express
No comments:
Post a Comment