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COME rain or sun, carmakers are in no mood to slow down as sales continued to boom in June, riding on high domestic demand and new launches.
Tata Motors led the charge with a 63% jump in passenger car sales in June that helped it overtake Hyundai Motors as the second-largest player in the domestic market.
Maruti Suzuki, the country's largest carmaker, posted a lower-than-expected 18% growth in June. "New launches, competitive prices, easy availability of finance and the growing economy will help sustain the growth," said Jatin Chawla, analyst at brokerage firm India Infoline. He said the only area of concern is the supply of certain components, which may hit auto manufacturers in the short-run.
Abdul Majeed, auto practice leader at consulting firm PwC, said passenger car sales will grow 15-20% in the financial year ending March 2011.
South Korean carmaker Hyundai, which reported a 19% increase in its domestic sales, however, suffered a 22% drop in exports in June at 18,888 cars due to poor demand in Europe.
"The domestic market continues to show a steady growth but exports have slowed down especially in the EU countries in the absence of any fresh incentives from the respective governments," said Arvind Saxena, director (marketing & sales) at Hyundai Motors, the country's largest car exporter. Maruti Suzuki, whose production was partly affected due to a weeklong factory shutdown for annual maintenance, however, recorded a 15% increase in exports.
Tata Motors sold close to 28,000 passenger cars in June on rising volumes of small car Nano and doubling of sales of the Indigo range.
Utility vehicle maker Mahindra & Mahindra's sales rose 20% to 27,562 units in June over last year but its passenger vehicle sales (Scorpio, Bolero & Logan sedan) dropped 3% to 17,573 units partly due to factory maintenance shutdown.
In the two-wheeler segment, market leader Hero Honda sales rose 16% to 4.26 lakh units, helping it to post its best quarter ever for the three months ended June 30. Honda Motorcycle & Scooter India reported a 42% growth in sales at 1.46 lakh units in June 2010.
Tata Motors led the charge with a 63% jump in passenger car sales in June that helped it overtake Hyundai Motors as the second-largest player in the domestic market.
Maruti Suzuki, the country's largest carmaker, posted a lower-than-expected 18% growth in June. "New launches, competitive prices, easy availability of finance and the growing economy will help sustain the growth," said Jatin Chawla, analyst at brokerage firm India Infoline. He said the only area of concern is the supply of certain components, which may hit auto manufacturers in the short-run.
Abdul Majeed, auto practice leader at consulting firm PwC, said passenger car sales will grow 15-20% in the financial year ending March 2011.
South Korean carmaker Hyundai, which reported a 19% increase in its domestic sales, however, suffered a 22% drop in exports in June at 18,888 cars due to poor demand in Europe.
"The domestic market continues to show a steady growth but exports have slowed down especially in the EU countries in the absence of any fresh incentives from the respective governments," said Arvind Saxena, director (marketing & sales) at Hyundai Motors, the country's largest car exporter. Maruti Suzuki, whose production was partly affected due to a weeklong factory shutdown for annual maintenance, however, recorded a 15% increase in exports.
Tata Motors sold close to 28,000 passenger cars in June on rising volumes of small car Nano and doubling of sales of the Indigo range.
Utility vehicle maker Mahindra & Mahindra's sales rose 20% to 27,562 units in June over last year but its passenger vehicle sales (Scorpio, Bolero & Logan sedan) dropped 3% to 17,573 units partly due to factory maintenance shutdown.
In the two-wheeler segment, market leader Hero Honda sales rose 16% to 4.26 lakh units, helping it to post its best quarter ever for the three months ended June 30. Honda Motorcycle & Scooter India reported a 42% growth in sales at 1.46 lakh units in June 2010.
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