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Carmakers expect jump in sales

The festive period is marked by new launches, aggressive pricing, discounts and stable loan interest all contributing to the revival of consumer interest and sentiment.


October 05, 2011  |  comments ( 0 )  | 
Carmakers expect jump in sales

The festive period is marked by new launches, aggressive pricing, discounts and stable loan interest – all contributing to the revival of consumer interest and sentiment. Top car manufacturers such as Maruti Suzuki, Hyundai Motor, Honda Siel and Toyota Kirloskar say they expect 15%-20% increase in sales during the festival season. All the new launches including the new Maruti Swift, Honda Brio, M&M XUV500, Toyota Etios diesel and Hyundai Verna now enjoy long waiting period of up to eight months for delivery. Car sales in the country had slipped year-on-year for two consecutive months before showing slight increase in September. But overall, car sales have been dismal so far this fiscal after rising 30% last year, owing to higher fuel costs, lending rates and overall inflation which greatly impacted consumer demand. Retailers too reported 50% jump in sales last weekend, the first one after shradh.Mr. Arvind Saxena, Hyundai Motor India Director - Marketing and Sales said, “Festive months could spell much improvements for the ind ustry.”  


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