Maruti, Tata Motors, Hyundai, Honda, Mahindra & many others showing Positive signs of Growth in September 2017

Maruti Suzuki India Limited sold a total of 163,071 units in September 2017, growing 9.3% over the same period of last fiscal. This includes 151,400 units in the domestic market and 11,671 units of exports. The Company had sold a total of 149,143 units in September 2016.

Tata Motors - Strong growth in Pick-up (50%), SCV (40%), ILCV (34%) & MHCV (25%) segments drives Tata Motors commercial vehicles sales higher by 29% in Sept 2017

Similarly, Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for September 2017 which stood at 53,663 vehicles, compared to 46130 vehicles during September 2016, representing a growth of 16%.

Hyundai Motor India Ltd also registered the domestic sales of 50,028 units for the month of September 2017 with a growth of 17.4%.

Honda Cars India Ltd. (HCIL), leading manufacturer of passenger cars in India, registered monthly domestic sales of 18,257 units in September 2017 against 15,034 units in the corresponding month last year, registering a growth of 21%.

TVS Motor Company registered a sales growth of 23% increasing from 293,257 units in September 2016 to 359,850 units registered in the month of September 2017.

Does it mean, Country is coming out of the issues raised by Note Bandi as well as the new GST sentiments? Good signs at last. Hope the economy will start recovering now.