Car sales grew by four per cent in May to 3.50 lakh units
6 months, 3 weeks ago

Car sales grew by four per cent in May to 3.50 lakh units

New Indian Express  

MUMBAI: Passenger vehicle sales during the month of May were in the slow lane as buyers’ sentiments were impacted by general elections and extreme heat waves. Maruti Suzuki reported that its domestic PV sales rose marginally to 1,44,002 units last month from 1,43,708 units in the year-ago period. Secondly, there were elections and the scorching temperatures also had an impact on the overall sales in May," said MSI Senior Executive Officer Partho Banerjee. “In April also the industry grew by around 1.5%.so April plus May the industry growth should be around 2-2.5% over same period last year,” said HMIL COO Tarun Garg. Kia India‘ May sales grew by 4% to 19,500 while Tata Motors’ PV sales grew by 2% y-o-y to 47,075 units in May.

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