Vehicle sales in India moderated in May according to figures released by car companies. Market leader Suzuki Maruti saw growth while other brands declined.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Maruti said sales in the domestic market grew 10.4% to 70,785 units against 64,143 units in May 2008.
Small car sales for Maruti were particularly strong, the company said. However, close rival Hyundai saw domestic market sales falling 4% year-on-year in May to 23,503 units.
Tata Motors’ saw its passenger car and vehicle sales fall 20% to 15,388 units.
Mahindra and Mahindra also saw utility vehicle sales falling by a marginal 3.2% at 12,620 units.
A strike at the company’s key Nashik factory last month had affected the production and the sales.
Analysts say that some cooling off of the market may be indicative of the fast pace of growth in recent months as the government’s stimulus package spurred sales.
