NEW DELHI: traveler car sales in the country may drop for the first time in nine years this economic in spite of reporting evidence journal sales in January, an industry association said.
Domestic traveler car sales declined 1.19% in the 10 months of April-January to 15.74 lakh units next to 15.93 lakh car sold throughout the similar period last year, according to Society of Indian Automobile Manufacturers (SIAM).
"If sales don't get better in the next two months, the Indian car market is probable to post its initial fall as 2002-03," its manager general Vishnu Mathur told journalists on Wednesday.
Last month, high reduction offers along with steady interest tax on loans helped sales add to 7.6% to all-time high 196,013 cars, recording the third straight journal increase.
Mathur said sales will require producing at least 12% in the last two months to get the association's newest aim of a 2% growth.
SIAM downgraded its filled economic forecast from 16%-18% in April to 10%-12% in July and to 0%-2% in January.
Foremost the drop is the country's main car maker Maruti Suzuki, which expects to shut the year with a 10-11% refuse in sales, according to Mayank Pareek, organization executive officer for sales and marketing at Maruti Suzuki. "We are pregnant to shut the year on unenthusiastic sales," he said.
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