Car makers expecting a dip in this month's sales
After registering the highest-ever sales growth in starting two months of this year the car-makers in India are expecting a slow down in sales of March this year. Top officials of major car makers including Hyundai, Maruti and Honda have already declared that the auto industry will register a slow down in sales in the month of March.
After registering the highest-ever sales growth in starting two months of this year the car-makers in India are expecting a slow down in sales of March this year. Top officials of major car makers including Hyundai, Maruti and Honda have already declared that the auto industry will register a slow down in sales in the month of March.
To avoid this expected slowdown some car-makers busy with launches of their new models and upgraded versions of previous models, while on the other hand some are coming with new campaigns to meet-up with their targets of this month.
Last month the government of India increased the excise duty by 2% which forced Auto-makers to hike the prices of their cars in India. Besides this the price of row materials has also been increased considerably in last few months.
The total sales of passenger cars in the month of February was stood at 1.94 lakh and according to market analysts the March sales will be no where near the Feb figures, though it is expected that the auto industry will register a sales growth of 15% in March sales as compare to the sales of same period,last year.
However, car makers in India are looking forward to high sales in next fiscal year. Auto Majors including Maruti, Hyundai, Tata, Ford, Toyota, Nissan, Renault, Skoda, BMW and Mercedes-Benz are expanding their manufacturing and assembling units in India.
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