Maruti, Hyundai post robust growth in Dec

Business
(Last Updated On: January 6, 2016)

NEW DELHI: Car market leader Maruti Suzuki and rival Hyundai Motor posted robust growth in December on the back of good sales of models like Baleno, Creta and Grand i10. Utility vehicles major Mahindra & Mahindra managed to stay in the positive territory despite several of its models being impacted by a diesel ban in Delhi/NCR.

Maruti Suzuki India (MSI) said its domestic sales rose by 13.5% during the month to 1,11,333 units as against 98,109 units in December 2014. Sales of the company’s small cars, including Alto and WagonR, rose by 7.5% to 37,234 units compared with 34,625 units in the year-ago month.

Dispatches in the compact segment comprising Swift, Estilo, Ritz, Dzire and recently launched Baleno rose by 14% to 47,354 units during the last month. Utility vehicles’ sale, which includes models like Ertiga and S-Cross, rose by 58.8% to 9,168 units during the last month. The company posted a record 14 lakh total sales in 2015, its highest ever in a calendar year. “CY2015 was a year of transformation for Maruti Suzuki. The company set up premium channel Nexa … stepped up customer safety and strengthened its market share to over 47%,” MSI executive director RS Kalsi said.

Read full article: TOI

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