Thursday, July 14, 2005

Tata Motors tops the chart

Hyundai Motor India Ltd has pipped Tata Motors to become the second biggest brand in the passenger car market, for q1 by selling 37,735 cars, as against 33,848 units sold by Tata Motors. However, Tata Motors also sold 7,343 utility vehicles (UV) in the said period, as against 523 UVs by Hyundai, making it the second biggest brand of passenger vehicles. Powered by the overwhelming response to its Swift, market leader Maruti sold 99,184 passenger cars for the first quarter of the year, apart from the utility vehicles sold. Though the overall sales by Maruti has grown in the first quarter, the sales of its flagship brand, Maruti 800, has been falling continuously. Honda Siel India, riding on the success of its mid size sedan, City, has maintained its fourth position, selling 10,494 cars in the said quarter. Despite the launch of Ford Fusion six months back, Ford India’s sales fell to 4,366 units in the first quarter. Ford is followed by Hindustan Motors (3418 units) and Toyota (2641) whose sales was almost flat without any new exciting model launch.