Car companies records high growth in March sales

At the end of fiscal year March, Car auto firms boost the sale record as higher as demanding advanced purchases in fear of hike price during the budget 2012-13.

The major player of Automobile Market including Tata Motors, Mahindra & Mahindra and Honda Siel Cars India, all are hit high sales in the first half of the month.

Sunday, the firms revealed their statistical sales report that showed Honda hit a growth of 208 per cent Cars at 11,016 units with its small car Brio which record alone selling of 6,355 units.

Ever liking Toyota registered 87 %.expansion growth by selling 18,220 cars with the Etios range in last month. Though family utility oriented cars — Maruti Suzuki and Hyundai — has not released their monthly sales data till yet, but will be done very soon may be on Monday.

At this time when all seven vehicles makers ready to promote new models to maintain sales level, Tata Motors marked a growth of 20% crossing one lakh unit sales including its family stated car Nano and a huge extension of diesel models, like Indica, Manza and Sumo.

Tata Motors-owned Jaguar Land Rover (JLR) registered boost sales of 157 per cent at 2,288 cars in the 2011-12 with robust demand for the Range Rover Evoque, Freelander 2 SUVs and Jaguar XF luxury saloon.

To beat all these World’s best cars makers, German Audi, in the race of king of largest ever luxury cars such as BMW, mark a 47% growth, selling 1,002 cars last month over 681 cars in March 2011.

According to largest care market segment analysts, the reason of customers advanced purchases in last month is to creaming the opportunity before Cars price hikes in post Budget by increasing excise duty and retail sales price.

It is said that more excise duty paid means the vehicles become more expensive, may be up to Rs 3 lakh to customers.

Talking to reporters, declaring growth rate, Sandeep Singh, deputy MD (marketing) of Toyota said, “Toyota Kirloskar Motor registered 85 per cent growth in the first quarter. However, the demand next month could be impacted due to the increase in excise duty, registration tax and VAT (in Maharashtra).”

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