Festive demand drives Indian car sales to record highs in October
Maruti Suzuki, Hyundai, Mahindra and Kia India all recorded their highest-ever monthly sales during the festive season.
Automakers in India recorded record monthly sales in October as festive demand drove growth across various vehicle categories, according to reports by The Times of India and The Economic Times.
Market leader Maruti Suzuki reported a 20.5 per cent rise in domestic passenger vehicle sales to 2,12,384 units. Partho Banerjee, senior executive officer of marketing and sales at Maruti Suzuki India, said the company saw strong growth across categories including small cars and utility vehicles.
Hyundai Motor India also achieved a sales record, with domestic sales increasing 16.7 per cent to 62,799 units. Hyundai Motor India MD and CEO Tarun Garg attributed the record to strong festive demand and momentum in domestic and export markets.
In the passenger vehicle segment, Tata Motors saw sales grow 21 per cent to 73,894 units, narrowly ahead of Mahindra's 73,338 units. Mahindra recorded a 2 per cent increase in its volumes.
Other manufacturers also reported movement, with Kia India dispatching 33,462 units, a 13.22 per cent increase. Toyota Kirloskar Motor reported domestic sales of 29,521 units, while JSW MG Motor India's wholesale sales grew 19 per cent to 8,013 units.
In the two-wheeler market, Honda Motorcycle & Scooter India sold 664,831 units, an 11 per cent increase, while TVS Motor Company's domestic sales grew 22 per cent to 514,764 units.