Auto sales: M&M, Ford, Honda, Hero beat back year-end blues
Sales are generally low in December as customers stay away from new purchases to avoid losing out on re-sale when the year of manufacture comes into consideration. In December 2012, the country's second-largest car maker Hyundai Motor India recorded a decline of 9.55 per cent in sales in the domestic market at 26,697 units compared to 29,516 units in the year-ago period.
Homegrown auto major M&M's total sales of passenger vehicles including Scorpio, XUV500, Xylo, Bolero and Verito stood at 22,761 units, as against 19,341 units in December 2011 -- up 17.68 per cent.
Mahindra & Mahindra Chief Executive (Automotive Division) Pravin Shah said: "High interest rates, rising fuel prices and an overall slowdown in economic growth has kept consumer sentiment low during 2012. This is also evident in the auto industry sales performance for December, which traditionally has been a lean month."
Car maker Ford India sold 6,517 units in December 2012 in the domestic market as against 5,978 units sold during the same month of the previous year, up 9.02 per cent.
"Despite a tough business environment, we have seen record exports and sustained customer interest in December," Ford India President and MD Joginder Singh said.
Honda Cars India reported nearly four-fold increase in its total
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