As India’s economy and vehicle market boomed in fiscal year 2007/08, its vehicle makers once again notched up record sales.
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Maruti Suzuki sold 764,842 vehicles – 711,818 units in the domestic market and 53,024 units abroad – in 2007/08, the highest ever in the history of the company and 13% up on the previous fiscal year.
The Alto model, popular among the growing Indian middle-class, strengthened its position as the country’s top selling car, clocking up 227,173 sales during the year. This is the second consecutive year in which Alto sales crossed the 200,000 mark.
However, the entry level Maruti 800 recorded a drop of 12.2% in its sales over the previous year.
The latest model from the company – Dzire – launched March 26, sold 5,658 units within just six days.
Hyundai Motor India achieved 16.1% growth in sales for the fiscal year selling 360,937 cars – 216,495 units in the domestic market and 144,442 units in exports.
Hyundai Motor managing director H.S. Lheem said: “The newly launched compact i10 has done phenomenally well and is on its way to becoming a very popular car. Also, with the commissioning of our new plant we are now in a position to meet the growing demand for the domestic as well as overseas customers and this will help us strengthen our position in the market.”
Tata Motors said sales rose by 1% to 582,401 vehicles for the fiscal year to March 2008 – a new record for the company.
