Search:



The Web

Rediff








Home > Business > Business Headline > Report

Boom time for automobile firms

BS Corporate Bureau in New Delhi | November 02, 2004 11:00 IST

Aided by attractive marketing schemes and festive buying, automobile companies have reported record sales in October 2004.

Hero Honda, the country's largest two-wheeler maker, said the 245,475 motorcycles it sold in October were the highest monthly sales by any company worldwide. This record is 18 per cent higher than the 207,472 motorcycles it sold in October 2003.

Hero Honda managing director Pawan Munjal attributed the rise in sales to the "Free2Roam" offer made by the company where all customers were given free a Reliance LG mobile handset.

Chennai-based TVS Motor Company recorded its best two-wheeler sales in October 2004. TVS's sales in October 2004 were 117,696 units, up 13 per cent from the 104,308 in October 2003.

Bajaj Auto's October 2004 motorcycle sales at 143,491 jumped 34 per cent over October 2003. Total two-wheeler sales in October increased by 16.8 per cent to 157,631.

Passenger car market leader  Maruti Udyog sold 49,399 vehicles in October 2004 against 38,175 vehicles in October 2003, a rise of almost 30 per cent.


Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article




People Who Read This Also Read


Don't wait! Take that loan now!

Reliance phones go 10-digit

Suzuki Swift: Worth waiting for!







Powered by










Copyright © 2004 rediff.com India Limited. All Rights Reserved.