According to data released by the Indian carmakers’ association SIAM, India's car market surged by 23.7% to 50,426 units in September. The gain follows a strong August and is being attributed to heavy discounting by the manufacturers. Analysts note that market leader Maruti Udyog announced sharp price cuts in the month.
According to data released by the Indian carmakers’ association SIAM, India’s car market surged by 23.7% to 50,426 units in September. The gain follows a strong August and is being attributed to heavy discounting by the manufacturers.
Analysts note that market leader Maruti Udyog announced sharp price cuts in the month.
Growth in the fiscal year so far is more modest. Sales in April-September, the first half of the current financial year ending in March 2003 rose 4.1% to 258,467 units.
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