Indian car makers report jump in sales

Top car and motorbike manufacturers in India reported booming sales in January, figures showed on Tuesday, with the nation's biggest auto maker Maruti Suzuki leading the way.

Car sales have been on the rise as India recovers from the global downturn and the country's middle class enjoys increasing affluence, with Japanese-owned Maruti Suzuki India reporting a 14.7 percent year-on-year rise.

Total car sales increased to 109,743 in January from 95,649 a year earlier, the Japanese-owned firm said in a statement.

Also benefiting from the upturn in the market is Tata Motors, which said passenger car sales rose 14 percent to 32,386 year-on-year.

Sales of its flagship Nano, billed as the world's cheapest car, climbed 68 percent to 6,703.

Nano car sales, which fell to a record low of 509 units in November, have recovered in the past two months, after the company introduced offers to boost flagging sales.

Sales of Tata's domestic commercial vehicles - seen as a barometer of economic health - rose 12 percent to 40,263 but slowed four percent on a month-on-month basis from December, amid growing concern about an industrial slowdown due to aggressive monetary tightening.

Annual industrial output growth hit a 20-month-low of 2.7 percent in November.

"Passenger car growth remains strong, but commercial vehicle sales appear to be taking a bit of a knock," said Mahantesh Sabarad, senior vice president at Fortune Equity Brokers.

Ford India said it sold 10,026 vehicles in January against 2,453 units a year earlier, led by strong sales of its small car Figo.

But South Korea's Hyundai Motor India, the country's second-largest car manufacturer, reported a 17.7 percent drop in January sales to 43,316.

Nissan India, however, posted what it said were record sales of 1,857 units, led by its small-car Micra.

TVS Motor, India's third-largest maker of motorcycles and scooters, said its total sales rose 30 percent to 165,152 units.

The figures come as car makers have raised the prices of their vehicles to offset higher costs of raw materials such as steel and rubber.

Car sales for the fiscal year to March 31 are forecast to grow by at least 25 percent from a year earlier, according to the Society of Indian Automobile Manufacturers (SIAM).

With just one in 10 households in urban areas owning a car and one in 50 in rural areas, India remains an under-penetrated, alluring market, drawing manufacturers from General Motors to Ford and Renault.



Arts and Entertainment
Kanye West, performing in New York last week, has been the subject of controversy as rock's traditional headline slot at Glastonbury is lost once again
Arts and Entertainment
The Ridiculous Six has been produced by Adam Sandler, who also stars in it
filmNew controversy after nine Native American actors walked off set
Life and Style
Google celebrates Bartolomeo Cristofori's 360th birthday
techGoogle Doodle to the rescue
Life and Style
Drinking - often heavily - is a running theme throughout HBO's Game of Thrones adaptation
food + drink
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Recruitment Genius: Senior Digital Marketing Consultant

    £28000 - £45000 per annum: Recruitment Genius: A Senior Digital Marketing Cons...

    Recruitment Genius: Assistant Stores Keeper

    £16640 - £18500 per annum: Recruitment Genius: An Assistant Stores Keeper is r...

    Recruitment Genius: Claims Administrator

    £16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

    Recruitment Genius: Software Developer - C# / ASP.NET / SQL

    £17000 - £30000 per annum: Recruitment Genius: Developer required to join a bu...

    Day In a Page

    Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

    Fishing is on Nigel Farage's mind

    Ukip leader casts a line to the disaffected
    Who is bombing whom in the Middle East? It's amazing they don't all hit each other

    Who is bombing whom in the Middle East?

    Robert Fisk untangles the countries and factions
    China's influence on fashion: At the top of the game both creatively and commercially

    China's influence on fashion

    At the top of the game both creatively and commercially
    Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

    The man known as GOD has a reputation for getting the job done

    Lord O'Donnell's three principles of rule
    Rainbow shades: It's all bright on the night

    Rainbow shades

    It's all bright on the night
    'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

    Bread from heaven

    Dutch survivors thank RAF for World War II drop that saved millions
    Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

    How 'the Axe' helped Labour

    UK will be 'run for the wealthy and powerful' if Tories retain power
    Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

    The price to be paid for challenging the rule of extremists

    A revolution now 'consuming its own children'
    Welcome to the world of Megagames

    Welcome to the world of Megagames

    300 players take part in Watch the Skies! board game in London
    'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

    Charlotte Gainsbourg on 'Nymphomaniac'

    Starring in one of the most explicit films ever
    Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

    Robert Fisk in Abu Dhabi

    The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
    Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

    Vince Cable exclusive interview

    Charging fees for employment tribunals was 'a very bad move'
    Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

    Iwan Rheon is returning to his Welsh roots

    Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
    Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

    Everyone is talking about The Trews

    Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
    Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

    It's time for my close-up

    Meet the man who films great whites for a living