Maruti, Tata post double-digit sales growth

New Delhi: Continuing the growth momentum, auto majors Maruti Suzuki India (MSI), Mahindra & Mahindra (M&M) and Tata Motors on Friday posted robust double-digit growth in their domestic sales for February.

Besides, two-wheeler players Bajaj Auto, Royal Enfield, TVS Motor and Hero MotoCorp also reported strong double-digit sales.

While MSI reported 14.2% increase in domestic sales at 1,37,900 units in February, M&M’s domestic sales grew 20% at 48,473 units, against 40,526 units in the year-ago period. Tata Motors reported 38% jump in domestic sales at 58,993 units, led by strong sales in commercial and passenger vehicle segments.

The company’s PV sales stood at 17,771 units, against 12,272 units in February 2017, up 45%. On the other hand, Ford India reported a marginal decline in total sales at 23,965 units in February. Its domestic sales however, grew 8.43% to 9,041 units, against 8,338 units in the year-ago month.

MSI reported 15% increase in total sales at 1,49,824 units, against 1,30,280 units in the year-ago month, led by sales of the compact segment. Sales of its utility vehicles increased by 13.8% to 20,324 units in February, from 17,863 units in the same month of 2017.

In two-wheeler segment, Bajaj Auto reported 31% jump in total sales at 3,57,883 units in February, against 2,73,513 units in the same month, last year. Overall domestic sales increased 35% to 2,14,023 units, against 1,59,109 units in February, last year, Bajaj Auto said in a statement. Royal Enfield, the two-wheeler division of Eicher Motors, reported 25% growth in total sales at 73,077 units in February. The company had sold 58,439 units in February, last year.

TVS Motor Company’s domestic two-wheeler sales increased 33.5% to 2,30,353 units, against 1,72,611 units in the year-ago month.

Hero MotoCorp reported a 20% increase in sales at 6,29,597 units in February 2018. The company had sold 5,24,766 units in the corresponding month last year, Hero MotoCorp said.