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Maruti, Hyundai and Tata Engineering leads the car sale surge in festival month

19-November-2002
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Maruti, Hyundai and Tata Engineering leads the car sale surge in festival month

The domestic car sales surged by 33.8 per cent in October this year as automakers like Maruti, Hyundai and Tata Engineering reaped benefits of increased customer demand during the festive month as per the data released by the Society of Indian Automobile Manufacturers (SIAM).

The total sales rose, for the fifth successive month, to 45,317 units from 33,871 in the same month last year. The cumulative (April-October 2002) car sales stood higher by 7.6 per cent at 3.03 lakh units as against 2.82 lakh units a year earlier.

Continuing with their good run this fiscal, commercial vehicle sales soared by 39 per cent to 16,755 units in October this year. The cumulative sales in this segment increased by 32 per cent to 99,873 trucks and buses.

Similarly, the sale of utility vehicles went up by 15 per cent to 9,730 units in October 2002 while cumulative sales in this segment was a modest 3.6 per cent more at 60,767 units. The Two-wheelers segment posted a 17.8 per cent rise at 4.75 lakh units during the review month. The cumulative sales were higher by 23 per cent at 28.76 lakh units.

The rise in two-wheeler sales could be attributed to motorcycles whose sales jumped by 28.4 per cent to 3.67 lakh units during October. But the Scooter and scooterette sales dropped by 4.1 per cent to 79,132 units while mopeds fell 17.6 per cent to 28,405 units.

The three-wheelers recorded a 13.2 per cent increase at 20,659 units during the month under review.

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