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Buoyant after recording the highest sales ever in 2009-10, auto companies continued their growth trajectory in the new financial year as well growing at 25.24% in April. In the monthly sales data released by apex auto industry body Society of Indian Automobiles Manufacturers (Siam), overall auto sales in April 2010 stood at 1,43,976 units against 1,03,227 units in April 2009.The newly appointed director general of Siam Vishnu Mathur attributed the growth to the low base effect in the previous year, however, he also said the industry would continue to grow in double digits in 2010-11 as well. "Easy availability of finance was a big facilitator in the growth of auto sales," he said. Mathur was referring to how several private sector banks are also providing easy financing opportunities to its customers, previously a domain of public sector banks. Overall passenger vehicles sales increased to 1,82,181 units in April 2010 against 1,36,026 units in April 2009, a growth of 33.93%. In the same month passenger car sales increased 39.48% to 1,43,976 units against 1,03,227 units in April 2009. According to Siam, Maruti Suzuki's domestic sales grew 22.12% to 68,668 units in April 2010 against 56,228 units in April 2009. Hyundai Motor India sales increased 28.15% at 28,501 units in the same month against 22,241 units in April last year. Sales of Tata Motors rose 76.41% to 19,762 units in April 2010 against 11,202 units in April 2009.Total two-wheeler sales in April surged by 22.07% to 8,55,670 units from 7,00,987 units in April 2009. Motorcycle sales last month increased 16.67% to 6,56,119 units from 5,62,349 units in April 2009. The country's largest two-wheeler by volume Hero Honda's sales dropped 2.71% to 3,38,708 units in April 2010 against 3,48,132 units last year. Bajaj Auto's sales increased 76.49% to 1,87,994 units compared to 1,06,516 units in April 2009. Chennai-based TVS Motor Company's sales also rose 10.78% at 49,008 units last month against 44,238 units in April 2009.
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