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February car sales grew by 46%, motorcycles up by 4.93%

February car sales grew by 46%, motorcycles up by 4.93%
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First Published: Fri, Mar 09 2007. 04 58 PM IST
Updated: Fri, Mar 09 2007. 04 58 PM IST
PTI
NEW DELHI: Continuing with the healthy growth trend, domestic passenger car sales grew by 46.47% in February 2007, while motorcycles chugged along at 4.93%.
According to figures released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales stood at 92,594 units as against 63,213 units in the same month a year ago.
Analysts, however, pointed out that the seemingly large overall growth figure in the passenger cars segment was due to the fact that in the corresponding month last year, sales were minimal as customers postponed purchases in expectation of the excise duty cut on small cars.
Market leader Maruti Udyog continues to be the front runner clocking 50,666 units or a 57% growth during February this year as against 32,259 units in the corresponding period last year.
Tata Motors was the second with 16,016 units as against 14,200 units, up 12.78%, while Hyundai Motor India Ltd registered sales of 15,432 units as against 8,780 units in the same month last year, up 75.76%.
In contrast, motorcycle sales during the month stood at 5,16,410 units as against 4,92,116 units in the same month a year ago, up by 4.93%, SIAM said.
The slow growth was mainly on account of second largest manufacturer Bajaj Auto dropping sales to 1,46,642 units as against 1,57,386 units in the same month last year, down 6.82%.
Hero Honda clocked 2,67,856 units during the month as against 2,41,232 units last year, up 11%.
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First Published: Fri, Mar 09 2007. 04 58 PM IST
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