India’s auto sales rise on lower interest rates, price discounts

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Mobility Energy and Transportation

India’s auto sales rise on lower interest rates, price discounts

07 Mar 2021

1 min read

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

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India’s auto sales rise on lower interest rates, price discounts | PraxisGA