Maruti Suzuki, the largest auto manufacturer in the country and Tata Motors registered a strong increase in their sales for the FY 2017-18, with Maruti Suzuki seeing a 15 per cent jump in its volumes in March ’18.
Tata Motors registered an even better growth in terms of percentages, with sales jumping by 35 per cent in March ’18. In terms of volumes, Tata Motors sold 69,440 units, up from 51,309 units last March.
With regards to the commercial and passenger segment, Tata Motors sold a total of 5,86,639 units in FY18, a 23 per cent increase compared to FY17.
Maruti Suzuki, the undisputed leader in the Indian car market sold 1,60,598 units in the month of March, up from 1,39,763 units in March last year. It ended the FY on a high, selling a total of 17,79,574 units, a jump of 13.4 per cent over the previous year. While domestic sales stood at 16,53,500 units, exports accounted for 1,26,074 units.
In terms of numbers, compact and mini cars continued to be Maruti Suzuki’s most popular options, with the Alto and Dzire leading the pack. The only mid-size car in the stable, the Ciaz saw a drop in sales, with just 4,321 units sold in March this year.
The new design philosophy of Tata Motors seems to have paid off, with models like the Tiago, Tigor, Hexa, and Nexon attracting a lot of attention. The company also exported at total of 6,443 units in March ’18, a 17 per cent increase over the same period last year.
With Suzuki inking a deal with Toyota to cross-badge cars in India, the Indian car industry could see drastic changes, with other manufacturers likely to step up their game too.