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Carmakers recorded a speedy volume growth of 21 per cent (approximately) in September sales, thanks to the stock building exercise at dealerships ahead of the festive season, reports the Business Standard. While the top three passenger vehicle (cars, utility vehicles and vans) players reported growth, competitors didn´t come even halfway close to Maruti Suzuki, which clocked a 30 per cent sales growth, says the news item.
The company, which enjoys a 47 per cent share in the Indian market, sold 137,277 vehicles last month against 106,083 units in the same period last year. The highest monthly volume for the company also implied that almost half of the industry´s sales came from Maruti last month.
While all segments of the company saw double-digit growth, the bulk of it came from utility vehicle segment, including Vitara Brezza, its latest model.