Maruti leads Indian automobile sales yet again

September 2007 sales reports are out and Maruti Suzuki cars just continue to do well in India month after month so it comes as no suprise that this month too Maruti is the star.Maruti is the largest passenger car manufacturer by a distance with overall sales of 63,086 units.However in terms of % gains GM and Mahindra are the real stars.Tata motor's passenger vehicles continue their slide and so is the case with Honda.Skoda too seems to be having a rough time and sales have fallen drastically.

Compared to September 2006 in 2007 sales of Maruti grew by 11.44%,Hyundai by 9.71%,GM by 64.03%,Mahindra by 24.91% while sales of Honda fell by 5.32%,Tata motors[passenger vehicles by 8.6% and Skoda by 28.01%

“The auto industry has grown by 6 per cent over August this year. The disappointment has been with the two-wheeler industry that registered 14 per cent decline in sales. However, it is showing signs of improvement,” said Mr N.R. Narayanan, Group Business Head, Vehicle Finance, ICICI Bank.

[Source:The Hindu Businessline]