Sunday, 16 June, 2019

Maruti registers 15 pc rise in vehicle sales

Maruti registers 15 pc rise in vehicle sales Maruti registers 15 pc rise in vehicle sales
Russell Knight | 02 March, 2018, 01:57

In the two-wheeler segment, market leader Hero MotoCorp posted total sales of more than 6.29 lakh units in February 2018, a growth of 20% over the same month previous year. The company sold 22,389 units in February 2018 as against 20,717 units in February a year ago.

Likewise, Tata Motors reported 38 per cent jump in domestic sales at 58,993 units, led by strong sales in commercial and passenger vehicle (PV) segments.

Likewise, Royal Enfield, the two-wheeler division of Eicher Motors, reported 25 per cent growth in total sales at 73,077 units in February.

Exports in February were up 24.9 percent to 11,924 units as compared with 9,545 units in the same month past year, MSI said.

Omarosa dishes on Trump comments during 'Colbert' appearance
And so I think I'm just going to spend as much time with my family and try to walk the beach and just enjoy life. Watch "The Late Show With Stephen Colbert " weekdays at 11:30 p.m. on Global.

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MSI on Thursday also released its February sales data. Domestic sales increased 129%, while exports registered a 26% jump in the month.

The company reported total auto sales of 1.50 lakh in February compared to 1.30 lakh in the same month of a year ago. We have started the year 2018 on a positive note with a cumulative growth of 11 per cent in the first two months of Jan -Feb 2018. Exports were at 14,924 units compared to 15,688 vehicles in February 2017. "The passenger auto segment registered a strong growth of 17% while the UV [utility vehicle] segment grew by 165%, clearly showing a trend of growing customer base across segments", the company said.

Sales of mini segment cars, including Alto and WagonR, witnessed a 2.1 percent rise to 33,789 units during the month under review from 33,079 units in February 2017, MSI said. Tata Motors posted a growth of 45% to 17,771 units against 12,272 units in the year-ago month. The carmaker credits this growth to the increasing demand for Tiago and Tigor along with Nexon and Hexa gaining traction in the steadily growing UV Segment. The Ciaz sedan sales declined almost 17% in February 2018, Truck and bus maker Ashok Leyland Limited has reported a 29% jump in sales in February 2018.

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