Car News in India

After months of falling sales, car manufacturers saw a growth in car sales in January 2009. Positive developments like reduction of fuel prices, availability of cash, and dip in inflation have largely contributed for pushing car sales.

It is believed that the new car launches and the changing economic condition has become favourable for the car market. Maruti Suzuki reported its highest sales in January 2009 with the 67,005 units of car sales. This clearly reflects a 29% rise against 52,029 units sold in December last year.

Hyundai’s sales have gone up by 35% with 21,016 units sold in January against 15602 units in December 2008. However, in terms of annual sales, Hyundai has experienced a decline of 1.3% in cumulative sales as compared to its sale in the corresponding month last year.

Though Tata Motors has recorded a severe fall when compared to its sales in January 2008, it has experienced recovery as compared to its sales in December last year. Tata's passenger vehicle sales rose by 86% to 18,331 units against 9838 units in December last year. The major push came from the Indigo whose sales jumped by 37%.

Mahindra & Mahindra (M&M) recorded drop in sales but the launch of its new car, Mahindra Xylo, actually cushioned the decline.