Automobile Industry continues its high growth in India

Automobile sector in India has continued to performing well as in the first month of this year as almost all major car manufacturers registered good sales growth compare the same period of last year. Maruti Suzuki India registered  a 33% increased in its sales as compare to same period last year with a record sales of 95,649 vehicles in January this year including good export figures.Maruti's domestic sales increased by 21% in January 2010 as compare to the same period of last year to 95,649 units. Company sold a record number of its A2 segment of cars which includes Maruti A Star, Maruti Suzuki, Maruti Wagon R, Maruti Swift and Maruti A-Star. In total the A2 segment increased by 25% to 58,540 units. 0n the other hand the sedan range of the company which includes Maruti Swift Dzire and Maruti SX4  increased by 37% to 8,995 units for the period of January this year.

Besides this the Hyundai Motors, India's second largest car manufacturer registered a growth of 42% in January this year as compare to the same period of the last year. Hyundai India sold 52,635 vehicles last month compare to 37,171 vehicles in same period of last year. Company's domestic sales increased 29,601 units which accounts for a 41% increase.Tata Motors, which is India's largest automobile manufacturer by turn over, registered a sales increase of 43% by selling 28,547 units which also includes 2,302 units of its partner Fiat India. Mahindra & Mahindra, largest SUV manufacturer in India registered a sales growth of 52% to 20.332 units. While on the other hand the General Motors India made a comeback by selling 9,421 vehicles in the month of January this year which is company's highest-ever sales in a month in last 13 years.

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