Automotive

Festive season helps Indian carmakers post 22% growth

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In the festive season the car makers have provided lots of offers and due to the low fuel prices the double digit growth in the auto sector have increased a lot. According to the report that we have seen after the october fest we have noticed the growth of 22% in October by selling almost 2.66 lakh units , by making it the highest sales of the month in the history of Indian Automotive industry.  Seven of the top 10 car makers have almost shown double digit growths, that has been bundled by new launches accompanied by appealing offers, with low fuel prices and really low interest rates.  Hero and Honda have posted the highest sale ever. 

This double digit growth has a great hands on with Dusherra and Diwali coming in the same month slot. The company players said that the offtake has been a healthy and inventory one . The top five car makers namely : Maruti Suzuki, Hyundai, Honda, mahindra and Mahindra and tata motors has all agreed on double digits growth. Renault and Ford have also seen growth factor by the launch of Kwid and Figo aspire.  a bumper sale in the auto car sector will be seen in October as per the records.

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