Automobile gross sales elevated by 3.14% on annual foundation in March: Maruti Suzuki offered most 1.26 lakh automobiles, Hero MotoCorp on prime amongst two-wheelers.

Federation of Vehicle Affiliation i.e. FADA has launched the report of autos offered in March 2023. In accordance with this, 21 lakh 27 thousand 177 autos have been offered within the Indian auto market final month with a progress of three.14% on annual foundation. Whereas in March final yr, 20 lakh 62 thousand 409 autos have been offered.

The very best progress of 17.13% has been seen in three-wheeler gross sales. Final month, a complete of 1 lakh 5 thousand 222 autos have been offered within the nation. A yr in the past, 89,837 three-wheelers have been offered. On the similar time, a decline of 5.87% has been seen within the industrial section on an annual foundation.

Other than this, FADA has additionally launched the report of autos offered within the monetary yr 2024 (FY24). 2 crore 45 lakh 30 thousand 334 autos have been offered in FY24, which is 10.29% greater than the earlier monetary yr. 2 crore 22 lakh 41 thousand 361 autos have been offered in FY23.

Maruti Suzuki offered most 1.26 lakh automobiles
Speaking about passenger autos, Maruti Suzuki has offered the utmost 1.26 lakh automobiles in March. Whereas, in the identical month final yr the corporate had offered 1.39 lakh automobiles. With this, the market share of Maruti Suzuki has decreased from 40.48% to 39.33% on an annual foundation.

Hero MotoCorp on prime in two-wheeler gross sales
In March, Hero MotoCorp has offered the utmost variety of 4 lakh 51 thousand 464 autos within the two-wheeler class. A yr in the past, the corporate had offered 4 lakh 67 thousand 518 autos in the identical month. With this, Hero MotoCorp’s market share has decreased from 32.22% to 29.51% on an annual foundation.

On the similar time, Honda is at second place within the two-wheeler class with gross sales of three lakh 55 thousand 326 autos. In March final yr, the corporate had offered 3 lakh 24 thousand 762 two-wheelers. With this, Honda’s market share has elevated from 22.38% to 23.23% on an annual foundation.