Auto industry posts steep growth in passenger car sales in December 2009
DriveInside.com | Saturday January 2, 2010
Passenger vehicle sales in India continued to grow at double-digit rates in December 2009 on the back of government stimulus, easy car loans and a spate of attractive offers by car companies. Maruti Suzuki’s passenger car sales were up from 52,029 units in December 2008 to 71,000 units in December 2009 – an increase of 36.5 per cent. Tata Motors sold 14,654 passenger cars in December 2009, as against 9,838 cars in December 2008, while Fiat India’s sales went up from 350 to 1,008 units in the same period. Hyundai too saw a domestic sales growth of 42 per cent, up from 15,602 units to 22,252 units in December 2009. The company’s exports grew by 9 per cent. Mahindra & Mahindra’s utility vehicle sales, including those of the Xylo, the Scorpio, the Bolero and pick-up vehicles stood at 16,999 units in December 09, up 120 per cent compared to sales in the year-ago period. Honda Siel Cars India (HSCI) sold 4,061 units and registered a sales growth of 10.71 per cent in December 2009.