| Aided by an 8 per cent cut in the excise duty on small cars in the Budget and the price cuts that followed, automobile companies reported record sales in March, after sluggish 0.8 per cent domestic sales growth in February.
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| Maruti Udyog Ltd, the biggest beneficiary of the excise cut with five models in the small car category, posted its highest ever domestic sales of 61,141 during the month, up 20.6 per cent from March 2005.
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| A post-Budget price reduction of Rs 13,000-22,000 across five models—the Maruti 800, the Alto, the Zen, the WagonR and the Omni—saw the company post its highest ever monthly sales of the Alto (17,908), the WagonR (10,843) and the Swift (6,651).
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| The Maruti 800, too, corrected the southward trend in its sales graph to record 6.7 per cent growth during the month, selling 10,937 during the month as compared with 10,252 in March 2005.
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| Robust March sales helped the company close 2005-06 with sales of 527,038 cars.
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| Hyundai Motor India sold 22,524 cars in the domestic market in March, a growth of 37.5 per cent over March 2005.
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| Riding on a post-Budget price cut of Rs 23,000, the company registered its highest monthly sales of its flagship car, the Santro, since its introduction in 1998, with domestic sales touching 16,838, up 42.3 per cent from March 2005. The Accent, too, posted record domestic sales of 3,500 during the month, up 38.6 per cent.
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| Ford India posted its highest sales since its inception in India. The March 2006 sales performance of Ford in India marks growth of 83 per cent over the last year with 5,929 cars sold in the month. Honda Siel Cars India registered all-time high sales of 6,120 with 19 per cent growth over March 2005. |
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