Thursday, September 30, 2010

Auto sales zoom in September

The numbers have started poring in and Maruti Suzuki, a major from the sector, has reported a jump in total sales from 83,306 units to 1,08,000 units including exports of 12,858 units versus 11,712 units on year-on-year (YoY) basis.

Two-wheeler major TVS Motor too reported a rise in its sales for the month. The company sold 1,85,000 vehicles as against 1,70,000 vehicles on month-on-month basis. This includes exports of 19,365 units versus 19,028 units (MoM).

Commenting on the numbers, president of marketing at TVS Motor HS Goindi, said the company expects monthly run-rate of two lakh units by the fourth quarter of fiscal year 2011.

As per the trend, wholesale dispatches were expected to remain strong ahead of the festive season. Also, with easing capacity constraints is leading to a reduction in supply constrains in auto companies.

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