Auto India, Car India

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The passenger car sales up by 4% in a month of April due to increased finance availability, mostly by public division banks and high demands from the rural area. This is 3rd consecutive month for car sales growth.

According to info released from Society of Indian Auto Manufacturers, Maruti Suzuki has recorded 8% rise in domestic sales (56,221 units). Hyundai Motors sales increased by 3.4% (22,241units) and Honda recorded 16% increase (3,545 units) during the month.

Marriage season and a good crop have led to high cash component of sales. But for the growth to be long-term, there has to be better availability of finance as the credit evaluation criteria of banks are still high.

- Mr. Shashank Srivastava (Chief General Manager, Maruti Suzuki) said.

Due to passenger carriers & goods carriers in a light commercial vehicles segment, the commercial vehicle sales increased. The light commercial vehicle sales increased 28% (18,819 units). Heavy and medium vehicle sales remained slow. While sales of buses rose 4% (2,253 units), sales of trucks fell by 47% (8,770 units) in a month of April compared with the sales in same month of 2008.

In two-wheelers, scooters registered the maximum increase of 19% (97,129 units). Bikes’ sales also rose to 12.11% on account of tough performance of the Hero Honda and the Honda Motorcycles & Scooters.

Hero Honda’s bike sales rose 25% (3.48 lacs units) and Honda Motorcycles up by 94.5% (39,136 units) in April. However Bajaj’s sales decreased by 22% (1.06 lacs units) and TVS observed 10% drop (44,238 units).