Ford India is the latest carmaker in the country to report booming sales in October with 9,026 vehicles leaving the showrooms, an increase of 161% over the same month last year.
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The locally-produced Figo also passed through the 50,000 sales mark during the month as the company expanded its dealer network by opening new showrooms in Pathankot, Bengaluru and Nepal in the Indian sub-continent.
Year to date, Ford India has sold 72,078 units, an increase of 183% over the 25,386 units sold during the same period in 2009.
Yesterday Maruti Suzuki and Hyundai, India’s two top selling car brands, posted record sales in October as a strong economy continued to bring consumers into showrooms to buy new models ahead of the religious festival season.
The religious holiday period peaks this month with Diwali, the Hindu festival of lights, seen as an auspicious time to make new big-ticket purchases such as cars.
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By GlobalData
Top seller Maruti Suzuki India, said sales jumped almost 40% from a year earlier to hit a monthly record of 118,908 units in October. The company has a market share of more than 50% and broke its previously monthly sales record of 108,006 set just one month earlier.
Hyundai Motor India also reported its best ever domestic monthly sales of 34,725 in October, up 22.7% over same month last year.
India’s largest domestic vehicle maker Tata Motors reported a 22.3% increase in its passenger vehicle sales to 24,478 units.
Strong sales have prompted the Society of Indian Automobile Manufacturers to increase its growth forecast this fiscal year to March 2011 to 18 to 20% from an earlier prediction of 13 to 15%.
