Car makers said strong sales for the past three months signal a revival in the automobile market after a two-year decline. Sales rose as interest rates, inflation and currency levels stabilised, reviving consumer sentiment, industry executives said.The brightest star in the entire pack was market leader Maruti Suzuki, which reported a 22% increase in total sales to 1,01,380 units from 83,299 in the year earlier. Domestic sales rose 20% to 90,093 from 75,145.This was led by the compact segment -Swift, Estilo, Ritz -that rose 8% to 25,156 units.Sales of compact sedan DZire rose 22% to 18,634 units from 15,249 units. Maruti's exports posted the fiscal's smartest recovery with a 38% jump to 11,287 units last month.
July also saw a reordering of the rankings with Honda pulling ahead of Mahindra and Toyota overtaking Tata.
The country's second-largest car manufacturer Hyundai Motors registered a 13% increase in sales to 29,260 units.
Helped by the launch of its Mobilio MPV , Honda Cars India's sales grew 40% to 15,709 units from 11,223. While the company dispatched 3,365 Mobilios, the flagship City sedan remained its bestseller with 7,705 cars sold last month.
Bangalore-based Toyota Kirloskar Motors posted a 4% rise in sales to 11,921 units, aided by the new Corolla Altis, of which 882 units were sold. The company also saw some traction for the newly launched Etios Cross.
Analysts tracking the auto market expect improved performance for the rest of 2014.
The picture wasn't rosy for everyone. Utility vehicle maker Mahindra & Mahindra posted a 5% decline to 14,708 passenger vehicles.
Tata Motors posted a 15% decline in passenger vehicle sales to 9,167 units from 10,824.
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