Monday, March 2, 2009

Auto major post impressive sales in Feb 2009

NEW DELHI: Automobile sales jumped back to the positive charts as major manufacturers posted double digit growth for the first time in past eight months.

Maruti sales in domestic market grew 19% to 70,625 units in February 2009 compared to 59,311 units in the same month a year-ago, while South Korean major Hyundai Motor registered a 45.3% growth to 21,215 units in domestic market. Hero Honda sales grew 24% to 3.29 lakh units in January 2009 over same corresponding period last year.

Pune-based, Bajaj Auto Ltd posted 17% increase in two wheeler sales to 1.59 lakh units with major jump coming from its recently launched 135 cc bike XCD of which the company sold 20,688 unit in January.

The Chennai-based TVS Motors posted a 13% growth to 1.07 lakh units in February 2009 against 95,235 units in the corresponding period of the previous year.

Source:http://economictimes.indiatimes.com/News/News-By-Industry/Auto/Auto-major-post-impressive-sales/articleshow/4212584.cms

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