Car Sales Go Up By 17.9% in August
Advertisement
Advertisement
Riding on increase in sales of the top three manufacturers – Led by compact and utility vehicle segments, wholesale dispatches of Maruti Suzuki increased by 29.3% in the month to 98,304 units as against 76,018 units in the same month last year.
Propelled by new launches like
Rakesh Srivastava, senior vice-president – sales and marketing, Hyundai Motor India said, "We maintain a cautious optimism for a good festive season on the strength of new products, increase in demand for petrol cars and improving customer sentiments."
Honda Cars India, too, maintained the momentum with an 88% increase in in domestic wholesale dispatches.
Advertisement
Kumar Kandaswami, senior director, Deloitte Touche Tohmatsu India, said, "The spurt in growth seems to be more on account of the prevailing sentiment rather than on hard economic data, at the moment. There may be a tapering off of demand if the economic parameters remain weak in the coming months."
Advertisement
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- Garden city to concrete jungle: Bengaluru city has just 7% green cover left, reveals IISc study
- India can sustain 8% growth, even higher: RBI bulletin
- Zomato launches 'Pure Veg Mode' with vegetarian riders from eateries that don't serve meat
- Dalal Street investors become poorer by ₹4.86 lakh cr as markets tumble
- Housing markets remain strong in 2024, sales rise 20% across six metro cities in Q1