Friday, July 01, 2011

Car sales continue to slow down in June; bikes grow

Car and Bike
Car sales in the domestic market continued to slow down with two of the top three firms, Maruti Suzuki India and Tata Motors, reporting decline in sales during June this year.

The second largest carmaker Hyundai Motor India Ltd (HMIL), however, posted increase in sales along with Volkswagen, Toyota and Mahindra & Mahindra.

Maruti Suzuki India (MSI) reported 3.8 per cent decline in sales in the domestic market to 70,020 units in June from 72,812 units in the same month last year.

During the month, the company suffered a 13-day long strike at its Manesar plant, where it mainly produces Swift , DZiRE and SX4. The firm suffered a production loss of 12,600 units due to the strike.

Tata Motors also reported 20.91 per cent decline its domestic total passenger vehicles sales at 21,993 units in June as against 27,811 units in the same month last year.

On the other hand, HMIL said its domestic sales grew 11.1 per cent to 30,402 units in June this year from 27,366 units in same month last year.

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