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Car sales surge 28 per cent in April
By siliconindia
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Wednesday, 14 May 2003, 19:30 IST
NEW DELHI: Cheered by car makers like Maruti Udyog, Hyundai Motor and Tata Engineering, domestic car sales surged by a robust 28 per cent in April 2003 while customers reaped benefits of an eight per cent excise duty cut in the Budget.
A total of 42,506 cars were sold against 33,195 units in April last year, data released on Wednesday by the Society of Indian Automobile Manufacturers (SIAM) showed.
Trucks and buses sales, one of the yardsticks to gauge the rate of economic growth, grew marginally by four per cent to 11,844 units in the month under review.
Two-wheeler sales, however, dipped marginally by 0.8 per cent to 3,79,166 units as skidding scooter and mopeds sales offset the growth registered by motorcycle sales.
Sales of motorcycles and step-thrus soared by a whopping 96.9 per cent to 3,03,792 units while scooters and scooterettes received a jolt of 20.3 per cent to 55,536 units in April.
Moped sales also dived by 25 per cent to 19,838 units.
Three-wheeler sales declined by 26.1 per cent to 12,505 units.
Multi-Purpose-Vehicle sales went up by a marginal two per cent to 3,981 units.