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  • Despite fuel blues, auto industry grows in June
 
 
Despite fuel blues, auto industry grows in June
 

Beating the fuel prices blues, automobile industry continued to show signs of recovery from last year’s downturn with major companies, led by Hyundai and Maruti along with Hero Honda and Bajaj Auto, reporting jumps in their sales during June.

Country’s second largest car maker Hyundai Motor India (HMIL) on Tuesday reported a 34 per cent increase in domestic passenger car sales at 21,881 units during June, against 16,335 units in the corresponding month of 2007.

The company’s overall sales (including exports) during June were up 45.3 per cent at 40,182 units, compared to 27,653 units in the same month a year ago.

Market leader Maruti Suzuki India also reported a 2.22 per cent rise in total vehicle sales during June at 61,247 units, compared to 59,917 units in the same month last year.

The company’s domestic sales edged up 0.7 per cent to 56,411 units as against 56,000 units in June last year.

Country’s largest two wheeler maker Hero Honda Motors reported a 16 per cent rise in its motorcycle sales in June to 2,95,675 units, compared to 2,55,200 units in the same month last year.

With this, the company said, its cumulative sales for the first quarter of this fiscal went up by 11 per cent to 8, 94,244 units, against 8, 02,853 during the corresponding quarter last fiscal.

Country’s second largest two-wheeler maker Bajaj Auto also reported an eight per cent growth in its motorcycle sales in June at 1, 75,903 units, compared to 1, 62,730 units in the same month last year.

The sale of two wheelers, including scooters, during the month stood at 1, 77,112 units, a jump of 7 per cent over the last year’s corresponding month’s sale of 1, 65,236 units.
http://www.financialexpress.com/news/Despite-fuel-blues-auto-industrygrows-in-June/329919/
 
 
 
 
 
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