Car co experiencing growth in June too

The car companies are enjoying growth in the consecutive seventh month, June. Thanks to the new car launches and low interest rate on auto loans. Maruti Suzuki continued its strong performance by selling 61,773 vehicles in th month which is 10 per cent more than in the same period last year. It also posted a three-fold increase in exports to 13,336 vehicles , taking its June tally 75,109 units. Robust exports helped Hyundai Motor India post 18% increase in sales in June to 47,267 cars. Tata Motors posted flat sales at 17,039 cars in the month compared with 17,017 units sold in June last year. Sales of the Indigo sedan declined 26% to 3,522 units in the month. Utility vehicle Sumo and Safari declined 11% to 3,307 units last month. Mahindra and Mahindra’s (M&M ) domestic sales jumped 24% to 22,526 units in June. Honda Siel Cars recorded a 6.5% increase in sales to 5,039 units on the back of the 2,032 dispatches of its newly launched Jazz hatchback to dealers.