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This is an archive article published on December 29, 1999

Auto industry picks up speed

NEW DELHI, DEC 28: Fuelled by recovery in the passenger car segment and continued upswing in the motorcycle sector, the automobile industr...

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NEW DELHI, DEC 28: Fuelled by recovery in the passenger car segment and continued upswing in the motorcycle sector, the automobile industry picked up speed in the domestic market, while exports moved on the reverse gear during the current .

Total sales in the industry grew by 10.57 per cent during the first eleven months of this calendar year at 41,89,206 units against 37,88,534 vehicles during the corresponding period of the previous year. The industry had risen by 6.14 per cent the previous year.

Despite being “overcrowded”, the passenger car market bounced back, witnessing a 32.98 per cent growth at 4,79,484 units during the first eleven months of this calendar year. The segment declined by 3.87 per cent last year at 3,60,556 vehicles.

Maruti Udyog Ltd continued to be the numero uno in this segment though its share has considerably come down over the years. Sale of MUL vehicles grew by 11.59 per cent at 3,55,903 during January-November period compared to 3,18,931 units during the same period lastyear. The growth rate was as low as 2.2 per cent last year.

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