MUMBAI, Oct. 9 -- Leading passenger vehicle makers posted strong growth in factory dispatches in September as companies continued to build dealer inventory to capitalize on an expected spurt in sales during the festival season.
Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Kia Motors India, Mahindra and Mahindra Ltd (M&M), Honda Cars India and Toyota Kirloskar Motor India sold a total of 250,073 vehicles in September, a 30% jump from a year ago.
The performance, however, comes on the back of a low base of the year-earlier month when sales took a hit due to factors such as higher vehicle and fuel prices as well as insurance costs and weak consumer sentiment in a slowing economy.
Information collected from auto dealerships, however, su...