Maruti Suzuki, Hyundai sales up in June as excise duty cut propels growth

Jul 01 2014, 19:47 IST
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Yet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month. Yet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month.
SummaryYet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month.

MSI's wholesale is good, at the retail level too we sold over 1.07 lakh cars in June. Sale for entry level cars, prominently the first time buyers, is reflected in good numbers for Alto and WagonR," he added.

The fact that company exchanged over 34,000 cars for new cars gives confidence that exchange strategy is showing good results, he added.

"Government's support with extension of the excise duty benefit has of course helped," Pareek said.

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