Maruti Suzuki, Mahindra & Mahindra, Hyundai sales growth on cruise control
the much desired momentum in the market," M&M Chief Executive (Automotive Division) Pravin Shah said.
Honda Cars India reported an over three-fold increase in its domestic sales for January 2013 at 5,451 units. It had sold 1,784 units in the same month last year.
Tata Motors' total passenger vehicle sales in the domestic market stood at 15,209 units in January, down 56.13 per cent from 34,669 units in the same month last year.
Toyota Kirloskar Motor also reported 23.37 per cent decrease in its domestic car sales at 13,329 units in January 2013. It had sold 17,395 units in the same month last year.
Commenting on numbers, Toyota Kirloskar Motor Deputy Managing Director and COO (Marketing and Commercial) Sandeep Singh said: "The market is still witnessing a slowdown, especially the passenger car segment. The prospects for the second half of 2013 look better. The repo rate cut is a welcome step".
With the budget round the corner, we are looking for some more measures that will bring about positive growth, he added.
General Motors India reported 7.92 per cent decline in its sales at 7,588 units last month. It had sold 8,241 units in the same month of 2012.
"The market continues to remain depressed for the automobile sector because of various negative factors, including high interest rates and poor economic conditions.
Passenger car segment in January this year is down by 13 per cent compared to January 2012," GM India Vice President P Balendran said.
If the current macro economic uncertainties continue, the market is not expected to
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