Automotive
India’s auto sales rise on lower interest rates, price discounts
07 Mar 2021
Low interest rates along with pent-up demand and ongoing
discounts accelerated the year-on-year sales of major automobile players’
during February.
Analysts cited factors such as preference for personal
mobility over public transport due to the pandemic as the other key reason for
the upswing.
Besides, higher government spending in the infra space was
credited to have given a push to the commercial vehicle segment.
Accordingly, automobile major Maruti Suzuki reported a
growth of 11.8 per cent in its overall sales during February 2021 on a
year-on-year basis.
The full article was originally published on Gulf Today