Most auto manufacturers, including some passenger car makers, have registered double-digit growth in March. Fiscal 2017-18 also saw some players register their highest-ever sales.

In the passenger vehicle segment, market leader Maruti Suzuki India grew 15 per cent year-on-year (YoY) in March, with sales of 1.47 lakh units (1.27 lakh units). For the fiscal, the company recorded 14 per cent volume growth, selling more than 16.53 lakh units (14.44 lakh units).

Tata sales up 22%

Tata Motors logged a healthy double-digit growth (31 per cent) in March, selling 20,266 units (15,433 units). The company sold 1.87 lakh units during 2017-18, a 22 per cent growth.

India’s second-largest passenger carmaker Hyundai Motor India sold 48,009 units in March, up 7 per cent from the year-ago period.

 

 

 

 

“...we have closed the financial year 2017-18 on a positive note with a growth of 5.2 per cent and highest domestic volume of 5,36,241 units...,” said YK Koo, Managing Director and CEO, Hyundai Motor India.

Two-wheelers ride high

In the two-wheeler segment, market leader Hero MotoCorp reported the highest-ever sales for the month, as well as annually. It sold more than 7.30 lakh units in March, a 20 per cent growth over the year-ago figures. It reported annual sales of 75.87 lakh units, a growth of 14 per cent. Rival Honda Motorcycle & Scooter India sold 4.17 lakh units during March, up 23 per cent as compared with around 3.39 lakh units in the corresponding month last year. On a yearly basis, the CBR maker sold 57.75 lakh units last year, against 47.25 lakh units in 2016-17.

Bajaj Auto, TVS Motor Company, Suzuki Motorcycle India and Royal Enfield also reported double-digit growth on monthly as well as yearly basis.

CVs shine, too

Similarly, in the commercial vehicles segment, companies like Tata Motors, M&M, Ashok Leyland and Volvo Eicher Commercial Vehicles recorded double-digit sales growth in March.

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