During January 2010, Indian auto industry witnessed a strong base effect (January 2009 plagued by financial crisis) translating into robust growth for most manufacturers on a yoy basis. Even on sequential basis companies reported robust growth in total volumes, trend which was not experienced in recent past. It was one of the best months for four wheelers with many segments reporting highest ever monthly volumes in January 2010. In passenger car segment Maruti and Tata Motors both clocked in record monthly sales in total volumes with growth of 21.2% and 47.4% on yoy basis. Among three wheelers M&M registered a surge of 158.6% yoy. Momentum in the commercial Vehicle (CV) sales continued lead by strong growth in M&HCV segment. Tata Motors witnessed a jump of 170.2% yoy, in M&HCV portfolio, while LCV segment for Tata Motors grew by 75.2% yoy. Xylo continues to witness strong demand translating into a strong growth of 71.2% in total volumes for M&M. In two wheelers space, Hero Honda volumes grew by 23.6% yoy, while TVS Motors sales increased 34% on yoy basis.
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