The article below represents a preview only and is not meant for reuse or republishing.
Car sales remain flat in November as a weak festive season ends
Mumbai, Dec. 7 -- Passenger car sales remained almost flat in November as companies adjusted their inventory after a weak festive season. Subdued consumer sentiment, volatile fuel prices and inflation are likely to remain demand dampeners but new model launches in the coming months are expected to help drive sales, car makers said on Saturday, 1 December. The top five carmakers-Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Tata Motors Ltd, Mahindra and Mahindra Ltd and Honda Cars India Ltd-sold a combined 219,722 vehicles last month, compared with 219,746 units a year earlier. Automakers consider factory dispatches to dealerships as sales. Car sales have stayed weak since July due to various factors such as a high base, floods in Kerala...
To read the full article or to get the complete feed from this publication, please Contact Us