Car sales continued their healthy run in March and enjoyed a financial year full of gains as lower interest rates, new models and government stimulus packages kept demand high. Maruti, the biggest carmaker, said March sales grew a modest 8% at 79,530 units as it was weighed down by a 1.2% decline in sales of small cars. The company, however, saw full fiscal (2009-10) sales soaring 21% at 8.7 lakh units. Hyundai had a robust 27% growth in numbers as its domestic sales stood at 31,501 units against 24,754 units in March last year. The company said this was its highest monthly sales since it started operations in India. Tata Motors, the third biggest carmaker, also had a double-digit growth as its passenger vehicle sales increased 17% to 27,761 units from 23,649 units in March last year. Sales of the Tata Nano stood at 4,710 units. General Motors’ also saw its highest-ever monthly sales as the company sold 11,330 units, showing a growth of 126.5%. The company has been gaining in numbers after the launch of the Beat, which sold 4,508 units in March. Ford, which launched its first compact Figo in March, saw an immediate jump in sales as its volumes were up 203% at 9,478 units, against 3,127 units in March last year. Toyota, too, had a good growth in March and the company said people bought new vehicles as they expected prices to go up in April, when new emission norms would push up prices. The company’s year-on-year sales increased 90% in March.
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