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This is an archive article published on November 4, 2003

Festivals bring smiles to automakers, sales rise

Riding on high buying sentiments during Dussehra and Diwali, domestic automakers have reported excellent sales during October.Maruti Udyog L...

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Riding on high buying sentiments during Dussehra and Diwali, domestic automakers have reported excellent sales during October.

Maruti Udyog Ltd reported a 35 per cent jump in car sales to 38,715 vehicles during the month. Sales rose 31.6 per cent to 2,51,183 vehicles in the first seven months of the current fiscal as against 1,90,940 units sold in April-October last year, Maruti said. Maruti’s exports vaulted two-folds to 5,260 units in October.

Yamaha Motor posts 22.8% sales growth

NEW DELHI: Two-wheeler maker Yamaha Motor India on Monday reported a 22.8 per cent sales growth in October 2003 over the sales recorded during October last year. Total sales touched 40,296 units last month against 32,792 units sold in October 2002, a company statement said. (ENS)

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Maruti informed that its volume in the domestic A2 segment grew by about 41 per cent, by 7.3 per cent in the A1 segment and by over 45 per cent in C segment in October compared to sales in October 2002. The sales of Hyundai Motor India grew by 27.4 per cent in October 2003 to 13,297 units as demand for its compact car Santro and mid-size model Accent continued to increase.

Hyundai’s domestic sales surged by 22.5 per cent to 11,334 units while exports jumped 65.4 per cent to 1,963 units during the month, a company statement said.

Total sales of Santro went up by 28.8 per cent to 10,618 units while that of the Accent grew 24.6 per cent to 2,548 units. However, sales of the luxury sedan Sonata fell by 33 units to 117 units while that of the sports-utility-vehicle Terracan stood at 14 units with an order backlog of about 100 units. The monthly average domestic sales of Santro has increased to about 9,000 units from 8,896 units after the launch of the Santro Xing in May 2003, Hyundai said, adding that this was over 32 per cent more than its calendar year 2002 monthly average sales.

General Motors India recorded sales of 1,258 vehicles in October, a 111.4 per cent rise over 595 units sold in the same month last year.

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