India’s car sales growth picked up, even after demonetization. The sales log is the proof

Car makers on Saturday said they closed March logging growth in their sales volume as compared to the number of units sold during March 2016.

Market leader Maruti Suzuki India Ltd in a regulatory filing in BSE said it sold 139,763 units (domestic 127,999 units, exports 11,764 units) in March up from 129,343 units (domestic 118,895 units, exports 10,450 units) sold during March 2016.

For the whole of last fiscal the company sold 15,68,603 units up from 14,29,248 units sold in 2015-16.

On its part Ford India Pvt Ltd said it sold a total of 24,832 units in March up from 21,198 units sold in March 2016.

The Japanese-Indian car making joint venture Toyota Kirloskar Motor sold 13,796 units in the domestic market and shipped out 636 units of the Etios series in March.

The company had sold 7,637 units in the domestic market and exported 1,370 units of the Etios series in March 2016.

"With the end of this financial year, we are happy to announce that Toyota has registered a growth of 12 per cent when compared to the last financial year. This has been possible with the launch of our two new products, the Innova Crysta and the new Fortuner," N.Raja, Director and Senior Vice President - Sales & Marketing, said.

"This growth further reinforces the trust our customers have in Toyota products and we would like to thank our customers for this appreciation," Raja was quoted as saying in a statement issued here.

Tata Motors passenger and commercial vehicle total sales (including exports) in March 2017 were at 57,145 vehicles, higher by 8% over 53,057 vehicles sold in March 2016. The company’s domestic sales of Tata commercial and passenger vehicles for March 2017 were at 51,309, higher by 10%, over 46,701 nos., in March 2016.

Cumulative sales (including exports) of the company for the fiscal was at 542,561, higher by 6% over 511,705 vehicles, sold last year.