More reports on: Economy - general, Cars
Despite slowdown auto sales still booming news
03 January 2011

After witnessing a slower growth in November, auto sales picked up in December owing to attractive year-end schemes and anticipation of price hikes. However, analysts pointed out that while sales were still booming, the rate of growth had slowed down over the last few months.

Hyundai Motor India Ltd, the country's second-largest car manufacturer, sold 26,168 units last month, a 17.6 per cent rise over 22,252 units sold in December 2009.

''New products like the Santa Fe as well as upgrades such as the 'Next-Gen' i10 have been very well received and we continue to be a strong player in the domestic market. We expect the market to continue to grow in 2011, although the rate of growth may come down somewhat,'' said Arvind Saxena, marketing and sales director.

However, the company witnessed a steep fall of 15.64 per cent in overseas shipments during December. The company exported a total of 21,060 units of its cars during this month as compared to 24,965 units exported to overseas markets during same period last month.

Overall, therefore, there was just a marginal increase of 11 units in total sales (domestic and international) in December. The company sold a total of 47,228 units during this month as compared to 47,217 units sold in the same month last year.

Tata Motors' passenger vehicle business reported a 28-per cent rise in its total domestic sales in December 2010 at 19,977 units (19,706 Tata and 271 Fiat) as against 15,661 units (14,654 Tata and 1,007 Fiat) reported in December 2009. Nano sales, which were at all-time low in November at 509 units, touched 5,784 units last month, about 60 per cent higher than the December 2009 numbers.





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Despite slowdown auto sales still booming