It’s a Dream Run for Auto Makers in India

The budget has made owning a car more expensive and it remains to be seen if it deters the Indian customers to stop shopping for their dream vehicle. The February sales figures are out and nearly every car manufacturer has posted robust sales growth pre-budget.

Fiat India reported 78.38 per cent jump in its total sales at 2,335 units in February this year. The company had sold 1,309 units in the corresponding period last year, Fiat India Automobiles said in a statement. While Maruti posted 22 percent jump in its sales, its closest rival in India, Hyundai, reported a jump of 43 percent in its overall sales figures which marks its best performance in past 12 months. Tata Motors also posted 58 percent growth keeping it intact on its platform as the largest auto manufacturer in India by revenue generation.

Mahindra & Mahindra Ltd today reported an increase of 35.70 per cent in domestic sales for February at 26,580 units. The company had sold 19,594 units in the domestic market during the same month last year. However, Logan sales continue to drop in the Indian market with MRIL reporting sales of only 537 units in Feb 2010 as against 1008 units in Feb 2009 marking a drop of 46.73 percent in sales figures of the model.

• Maruti Suzuki to roll out its new Swift Dzire on 1st February           January 25, 2012
• Honda Siel planning to introduce small sedan in India           January 25, 2012
• Bajaj Auto launched the naked KTM Duke 200 at Rs. 1.18 lacs           January 25, 2012
• Maruti plans to establish a skill development institute           January 25, 2012
• Volkswagen likely to complete takeover of Porsche in 2012           January 25, 2012
• TVS Motor introduces a new rendition of Star City model           January 25, 2012
• Bajaj Auto rolls-out KTM’s Duke 200 Sports bike at starting price of Rs 1.17 lakh           January 25, 2012
• SBI raises minimum income requirements for car loan seekers to Rs 2.5 lakh per annum           January 25, 2012
• Maruti Alto becomes bestselling car in the world for consecutive second year in 2011           January 25, 2012
• Maruti to set-up diesel engine plant in Gurgaon in FY12-13           January 25, 2012
• Auto Expo 2012: Images of the impressive 2012 MPV Nissan Evalia           January 25, 2012
• 4th edition of the Parx Super Car Show took off to a roaring start in Mumbai           January 25, 2012
• Auto Expo 2012: Images of the recently unveiled Chevrolet MPV Enjoy           January 25, 2012
• Nita Ambani’s driver held for breaking rules in Matheran           January 25, 2012
• Cartrade.com catches exclusive 2012 SsangYong Rexton being tested on Nashik-Saputara highway           January 25, 2012