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Indian auto companies post double digit growth in sales in November

Continuing with strong sales momentum, leading auto makers except TATA Motors reported double digit growth in November, although they did not break the record levels of the previous month.

While Maruti Suzuki, Hyundai, Hero Honda and Mahindra & Mahindra registered double digit increase in sales, TATA Motors recorded only 1% jump over the same month last year.

The country's largest car maker Maruti Suzuki crossed the 100,000 units sales mark for the second consecutive month by selling 102,503 vehicles in the domestic market in November, up 34.2% from the year ago period. In the same month last year, it had sold 76,359 units. Although on a small base, Ford saw about three-fold increase in sales at 7,504 units on the back of good response to its latest small car Figo.

The country's second largest carmaker Hyundai Motor India reported a 12% jump in domestic sales for the month at 31,540 units as compared to 28,162 units in November 2009.

TATA Motors' total passenger and commercial vehicle sales in the domestic market stood at 50,419 units in November, which was a jump of one per cent from the sale of 50,114 units in the same month last year.

Mahindra & Mahindra also reported 18% jump in total sales in November at 26,666 units. On the two wheeler front, market leader Hero Honda's sales jumped 10.48% to 421,366 units during the month as compared to 381,378 units in November 2009.

Driven by strong demand across segments, Chennai based TVS Motor Company reported sales of 157,041 units in November, 29% higher than the same month last year.

India Yamaha Motor posted 23.2% increase in sales for the month at 30,310 units and Suzuki Motorcycle India saw 77% growth at 25,439 units compared to 14,393 units in November last year.

Similarly, Honda Motorcycle and Scooter India posted 14% jump in sales at 129,627 units, compared to 113,489 in November last year.

(Source: ET)