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New Car Launches Aid Carmakers To Sustain Growth In December 2018
car&bike Team
Jan 2, 2019, 10:23 PM
Carmakers in India are still recovering from the hit which car sales took from several headwinds in 2018. Automakers have been witnessing sluggish demand for the last four months which is been due to factors like rising fuel prices, onetime payment of insurance premium and a rise in interest rates. India's largest carmaker- Maruti Suzuki has recorded a marginal volume growth of 1 per cent in December 2018 selling 119,804 units of passenger vehicles against 118,560 Units in the same month last year. The growth was largely sustained by the Utility Vehicle (UV) segment as the Vitara Brezza continued to perform well. New models- the recently launched 2018 Maruti Suzuki Ertiga and 2018 Ciaz too remained in Demand. However, the mini and compact car segment which together constitutes a huge chunk of volumes witnessed muted sales which in-turn had a significant impact on volumes.
3 Min
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    car&bike Team | Jan 1, 2019
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