Cars & bikes sales in double digit lane

Big auto, including both car and bike makers, ended the fiscal year with double digit growth figures. However, the stats weren’t as heady for motorcycle makers as they were for car companies. Market leader Maruti Udyog sold 6.32 lakh units in the domestic market for the fiscal 2006-07, clocking a growth of 21%. Exports for the fiscal year stood at 39,295 units. The car biggie’s cumulative sales for the fiscal ending March 2007, were up 20% and stood at 6.74 lakh units as against 5.61 lakh units. Fellow Japanese major Honda Siel grew its fiscal year sales tally by a little more than 43%. The company sold 61,327 units in the fiscal year 2006-07 as compared to 42,727 units in the fiscal year 2005-06. The company’s monthly sales grew by a little less than 39%. Czech auto maker Skoda Auto’s March sales were up 10% while General Motors’ sales for the month were up 12% as it sold 4,542 units. Arch rival Ford’s monthly sales were however, down 9% and stood at 5,382 units. The auto-maker’s sales for the fiscal year ended March 2007 grew by 45%. Ford sold 41,797 units in 2006-07 as compared to 28,840 units in the fiscal year 2005-06. Two-wheeler manufacturer Hero Honda’s total sales grew by 11.2% and stood at 33.36 lakh units for the fiscal year ended March 2007. The company sold 2.77 lakh units in March as against 2.72 lakh units in March 2006. Rival Bajaj Auto’s cumulative sales for two-wheelers were up 18%. The company sold 23.9 lakh two-wheelers in the fiscal year ended March 2007. The company’s motorcycle sales for the fiscal year grew by 24% and stood at 23.76 lakh units. However, Bajaj Auto’s March sales were down by 10% and it sold 1.68 lakh units of two-wheelers. Chennai-based TVS Motors closed the financial year 2006-07 with 15% growth in the sale of motorcycles selling 9.24 lakh units.

SOURCE : http://economictimes.indiatimes.com/Cars__bikes_sales_in_double_digit_lane/articleshow/1848060.cms