Auto industry records highest sales for May in both Car and Bike sales

The Indian auto industry sold 12,08,851 units last month, a record sale for the month of May. According to Society of Indian Automobile Manufacturers (SIAM), the total sales for all categories stood at 12,08,851 units as against 9,29,917 units for the corresponding period an year—ago. The 30 per cent rise in sales is in contrast to the usual trend of lower volumes in May.
Car market leader Maruti Suzuki sold 76,120 units in May, a figure higher by 21.06 percent while rival Hyundai Motor India’s sales grew by 15.53 per cent. Similarly, Tata Motors’ sales also jumped to 18,618 units, which was 45.02 per cent higher than last year.
Sales of Two—wheeler sales in May also jumped by 28.66 per cent than in May 2009. Motorcycle sales in India during May went up by 25.80 per cent to 7,25,311 units from 5,76,537 units in the year—ago period. The country’s largest motorcycle maker Hero Honda registered a growth of 11.74 per cent in its sales at 4,01,320 units in May 2010. Sales in rival Bajaj Auto also shot up by 68.73 per cent to 1,91,726 units, while Chennai—based TVS Motor Company posted a 21.21 per cent growth at 52,319 units in May. Honda Motorcycle & Scooter India (HMSI) saw its bike sales jump by 52.24 per cent to 55,110 units.