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Figures released by the Society of Indian Automobile Manufacturers also show that motorcycle sales in the country grew 20.8 per cent during the month to 7,76,051 units.

 
 
Hero Investments Private Limited, an investment company of the Hero Group, has proposed to acquire Honda's 26 per cent stake in Hero Honda at Rs 739.97 per share.
Sales of passenger cars in India increased by a third in 2010, but rising fuel prices and shrinking margins for carmakers mean 2011 may not be so hot.
Tata Motors showcase concept small car 'Pixel', based on the Rs 1 lakh car 'Nano', for the European market at the ongoing 81st Geneva Motor Show.
The company attributed its growth to the good response for its GS150R motorcycle, Access125 scooter and recently launched SlingShot bike, a statement said.
 
 
Leadership in scooters is not enough. Honda has a long way to go in motorcycles.
Major automakers continued to post higher monthly sales numbers, buoyed by a strong rebound in the domestic economy.
Maruti Suzuki India also reports a 19.79 per cent increase in domestic sales during February to 1,01,543 units from 84,765 units in February, 2010.
The company said it would carry out preventive part replacement of the lost motion spring in the valve train for the models manufactured between Nov 2008 and Dec 2009.
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