cars in india

3 ANSWERS

1. Neel Patel
   

   The report pointed out that fuel prices have increased by up to 34 per cent since deregulation in 2010. But there was a ray of hope for the industry and investors alike when automobile companies reported record sales for the month of March 2012, as compared to March last year. Another key challenge, according to experts, will be localisation of cars as per Indian needs.

   
   

   http://www.mahindrafirstchoice.com/used-cars-in-bangalore.aspx
   
    

   Report (0) (0)  |   11 years, 10 month(s) ago  

2. Guest5450
   

   At the other end of the spectrum is demand for luxury cars with a sticker price of more than 2 million rupees ($41,000), which has stayed strong despite a slump in car sales overall.
   
   Car sales in India fell for the third time in four months in October as high borrowing costs and tighter credit depressed demand, with some firms including top vehicle maker Tata Motors Ltd shutting plants to avoid a build-up in inventory.
   
   Car sales fell nearly 7 percent from a year earlier to 98,900 units in October, but Mercedes-Benz has already met its full-year target with sales of 3,141 units so far this year, a 47 percent increase from the same period a year earlier.
   
   BMW's sales have more than doubled this year.

   Report (0) (0)  |   12 years, 7 month(s) ago  

3. Guest24
   

   In contrast, sales of leader Maruti Suzuki Ltd, whose small, fuel-efficient cars are often the choice of first-time buyers, fell 8 percent in October.
   
   "Perhaps the luxury car buyer's conviction in his purchase is greater, which makes the willingness to buy also greater," said Manas Dewan, a spokesman for Mercedes-Benz India.
   
   India's luxury car market is likely to edge past Thailand and soon overtake Singapore's sales of about 10,000 units a year, JD Power Associates has estimated, helped by rising incomes.

   Report (0) (0)  |   12 years, 7 month(s) ago