Motown in May 2010

New models and favourable interest rates kept the momentum going for car sales in May as demand remained strong. Maruti, the country’s top carmaker, saw monthly volume crossing the 1 lakh-mark for the first time ever, surpassing the previous monthly sales record in February this year. The company’s sales in May, including exports, stood at 1.02 lakh units against 79,872 units in the same month last year, growing by 28%. Sales in domestic market stood at 90,041 units, up 27% from the 70,785 units sold in the same month last year. New models like the refurbished WagonR and multiutility WagonR have been keeping the demand high for the company. Other majors like Hyundai India, Tata Motors, M&M, Ford and General Motors also witnessed strong growth in May. Industry analysts also attributed the high numbers of May to the hike in road tax in some big markets, including Delhi. Two-wheeler sales were also robust in the month as the top three players — Hero Honda, Bajaj and TVS — all recorded good numbers. For Hero Honda, May sales scored a record as sales figure stood at 4.35 lakh units, beating the previous best month of 4.15 lakh units achieved in August 2009.

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