Automobile Sale and Purchase in India
The ninth largest automobile industry in the world, the Indian automobile industry made a yearly production of more than 2.3million in the year 2008. The previous year saw the Indian automobile industry to become the fourth largest automobiles exporter in Asia. With over 2 million new automobiles being manufactured by the automobile giants in India, the automobile industry in India has become the fastest expanding industries throughout the world. India has the biggest market for three wheelers in the world. Over the years, the automobile sale and purchase in India has grown in many folds.
In November, last year, the automobile industry in India made a record of 63% increase in the sales of automobiles by the automobile giants in India. One of the majore automobile in India, Maruti Suzuki, made a sale of 87,807 in 2009 November, which is 66.57% more than November 2008 sale. November 2008 had seen sale of 47,704 units.
Maurti has reportedly sold 56,005 units in the A2 segment cars that include Alto, Swift, Zen, Ritz, Wagon R and A-Star in November 2009, while in the A3 segment that includes DZire and SX4, Maruti Maruti made a sale of 8,0741 cars, which is 46.3% more in comparison to the sales made in the last year. It has also been estimated that the exports of Maruti Suzuki were 11,448 units in November, 2009.
One of the leading automobile manufacturing giant in India, Tata Motors, made a sale of 29,408 units of commeruicial vehicles in the Indian market, thereby, making a 81% increase in comparison to sales made in November 2008. On the other hand, the passenger vehicles sale in the domestic market was 22,671 units in 2009 November, making it the highest in the financial year of 2009. Tata Motors have sold around 3,406 units of Nano cars in 2009 November. In addition, the exports of Tata Motors amounted at 3,994 units, which is an increase of 37% in comparison to November 2008.
Hyundai Motor India Limited or HMIL
Hyundai Motor India Limited or HMIL made a collective sale of 55,265 units, that registered an increase of 82.8% over 2008 November's sale. In the A2 segment that includes cars like Santro, i20, i10 and Getz, Hyundai made a sale of 50,501 units and 4,748 in A3 segment.
Mahindra & Mahindra
Automobile manufacturing giant Mahindra & Mahindra made a sale of 15,193 units of both SUV and MUV vehicles. In the three-wheeler sales, the number stood at 5,137 in November 2009. In addition, the company sold 778 units of LCV last year in November.
Fiat Automobiles in India earlier this year, has witnessed a growth in sales by 78%, majority of sales came from Fiat Punto and Fiat Linea. In addition, the export of the Fiat cars amounted to 2235 units in February 2010.
General Motors, which is one of the leading automobile manufacturing industries in India, witnessed a sales growth at 48.51% with the sale of 7,654 units in comparison to September 2008. The sale of the company in September 2009 recorded at 1,329 units of MUV, 123 numbers of Chevrolet Captiva, 753 units of the hatchback Aveo U-Va, 319 units of the luxury sedan Chevrolet Optra and 424 units of the sedan Chevrolet Aveo.
In the sector of two-wheelers, the major two-wheeler manufacturer of India, Hero Honda, sold 3, 53,342 in March 2009, thereby, registered a growth of 10% in the sale. The company is reported to have sold 37.22 lakh two-wheelers in 2009 in comparison to 33.37 lakh units in 2008 in the fiscal year of 2009.
Owing to the sale of scooters, TVS Motor Company made a 4% increase in the sale of its products in March 2009. Yamaha Motors made a record growth of 45.3 % in March 2009 in comparison to March 2008.
Last Updated on 20 April 2010