NEW DELHI: Country's largest two-wheeler maker Hero MotoCorp today reported an 11.24 per cent increase in sales at 6,74,961 units in September.

The company sold 6,06,744 units in September 2015, Hero MotoCorp BSE 0.24 % said in a statement. 

The company recorded its highest-ever sales in September beating the previous best in October 2015 when the company had sold 6,39,802 units, Hero MotoCorp said in a statement.

This is the second consecutive month that Hero has sold six-lakh plus units, having clocked a sales figure of 6,16,424 unit in August, it added.

 The growth momentum is backed by a series of positive factors, including the successful market launch of the 'Splendor iSmart 110' - the first motorcycle completely designed and developed in-house by Hero's own R&D team, it said.

The company further said that augmented leadership in the 125cc segment with 'Glamour' emerging as the largest-selling 125cc motorcycle in the country and the positive trend maintained by the new scooter portfolio also contributed to the sales performance. 

Source : Hero MotoCorp Sept sales up 11% at 6,74,961 units

NEW DELHI: Homegrown auto major Tata Motors is planning to increase prices of its passenger vehicles during the ongoing festive season to offset rising input cost. 

"We will hike prices of our vehicles. Currently we are working out the details," Tata Motors, President, Passenger Vehicles Business Unit Mayank Pareek told PTI.

When asked how soon the price increase will be effected, he said: "It could be during the festive season." 

Explaining the reasons for such a step, Pareek said: "Input costs have increased and some of the industry players have already undertaken price hikes. Moreover, we have also not corrected our prices for a long time."

Tata Motors sells a range of passenger vehicles including the entry level small car Nano, newly launched hatchback Tiago and crossover vehicle Aria at a price range of Rs 2.15 lakh to Rs 16.3 lakh (ex-showroom Delhi) 

Another homegrown rival Mahindra & Mahindra has hiked prices of some of its passenger and small commercial vehicles by up to 1 per cent from this month.

In August, Hyundai Motor India had announced to hike prices by up to Rs 20,000 across its models, while Maruti Suzuki India BSE -0.03 % had also hiked prices of its various models by up to Rs 20,000. 

Source : Tata Motors to hike passenger vehicle prices

NEW DELHI: The country's largest car maker Maruti Suzuki BSE -0.03 % posted a 29.4% growth in domestic sales at 137321 units last month on account of demand in the ongoing festive season. 

This is the highest ever domestic sales for the company in terms of absolute volumes. 

Sales for the company increased across segments. While sales of mini cars Alto and WagonR went up by 24.8% to 44395 units, those of compact cars (Swift, Ritz, Celerio, DZire, Baleno) increased by 12.3% to 50324 units. Demand for midsize sedan Ciaz too went up by 52.5% to 6544 units. 

Source : Maruti Suzuki posts highest ever sales in September spurred by festive demand