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Car sales retain pace through December

month and ensuring the momentum for January largely with the new year registration sentiment.

Market leader Maruti Suzuki posted a 50 per cent year-on-year growth for December, clocking sales of 84,804 units. Hyundai Motor India's sales grew 23 per cent to 47,217 units.

Auto companies across the spectrum reported substantial growth during the month, largely due to the low base as economic slowdown had hit sales badly in December 2008.

However, both Maruti and Hyundai, that together control about 70 per cent of the Indian car market, sold fewer cars than in November. Both companies saw a decline from their peak in November when they clocked their highest-ever monthly sales of 87,807 (Maruti) and 55,265 (Hyundai) units, respectively.

The subdued customer enthusiasm in December is mainly attributed to the reluctance to buy a 2009 model car when the New Year is just round the corner.

Tata Motors, the third largest car manufacturer, did not release its December sales report.

Hero Honda, clocked 3.76 lakh units and posted a 74-per cent growth over the slowdown- hit December 2008.

TVS Motors' sales grew 34 per cent to 1.2 lakh. Bajaj Auto, has not yet released its monthly sales

With the sales scaling new heights every month, component vendors had a tough time meeting the demand from original equipment manufacturers.

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