Indian car sales in July 2009 up
BS reported that helped by softer interest rates on vehicle loans as well as their better availability, the country's top car makers posted healthy sales growth in July.
Riding on the success of its new launches, the A star and Ritz, the July sales of Maruti Suzuki jumped by 29.8% to 67,528 from 52,010 in the year ago month.
Mahindra & Mahindra the country's largest maker of utility vehicles also reported a 56% growth in utility vehicle sales to 16,688 in July from 10,672 in the corresponding month a year ago. Company executives said sales of the newly launched Xylo and Bolero were strong during the month.
Mr Pawan Goenka president (automotive sector) of M&M said that "The demand for our new product, the Xylo has shot up substantially and we have a three to four week waiting period on the vehicle. We have already sold more than 8,000 in July."
He further added that sale of the Bolero went up on the back of strong demand from the rural and semi rural markets. However, exports continued to be under pressure in July the numbers more than halved to 506 in July 2009 from 1,105 in July 2008.
Delhi based Honda Siel Cars India witnessed sales grow 12% to 4,857 in July 2009 as compared to 4,337 in the same month a year ago.
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