Auto firms see robust sales

Automakers continued with strong sales for second month in a row in the ongoing fiscal with market leader Maruti Suzuki India (MSI), Tata Motors and Honda Cars reporting double digit sales growth for May.

Ford India also posted double digit growth while Hyundai Motor India (HMIL) and utility vehicles major Mahindra & Mahindra (M&M) reported single digit sales growth in the domestic market last month.

MSI said its domestic sales stood at 1,63,200 units in May, up 24.9 per cent from 1,30,676 units in May last year, fuelled by strong sales of compact segment cars.

Tata Motors reported 61 per cent increase in sales of its passenger vehicles in the domestic market at 17,489 units last month as compared with 10,855 units in May 2017.

"Thanks to the continued strong demand for Tiago and Tigor, our car sales recorded a growth of 18 per cent, while the UVs continued to record an exceptional performance of 463 per cent growth, due to the strong demand for Nexon and Hexa," Tata Motors Passenger Vehicles Business Unit President Mayank Pareek said.

Similarly, Honda Cars India (HCIL) posted 41 per cent rise in domestic sales at 15,864 units in May, riding on the back of strong sales of new Amaze.

HMIL reported sale of 45,008 units in domestic market in May, up 7.14 per cent from 42,007 units in same month of last year.

Similarly, M&M reported sales of 20,715 passenger vehicles, including Scorpio and XUV500, last month in the domestic market, a growth of 2 per cent compared with 20,392 units in May 2017.

Ford India on the other hand reported domestic sales at 9,069 units last month as against 6,742 units in May 2017.

In the two-wheeler segment, market leader Hero MotoCorp reported 11 per cent increase in sales to 7,06,365 units in May.