india\s maruti sees 71 fall in monthly sales
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

India\'s Maruti sees 7.1% fall in monthly sales

Arab Today, arab today

Arab Today, arab today India\'s Maruti sees 7.1% fall in monthly sales

New Delhi - AFP

India\'s biggest auto maker Maruti Suzuki on Monday said that its monthly sales for December fell 7.1 percent year-on-year, as demand for cars weakened due to rising fuel costs and high interest rates. The company, which is majority-owned by Japan\'s Suzuki Motor Corp, said it sold 92,161 vehicles last month, down from 99,225 in the same period in 2010. The figure represents the seventh straight year-on-year monthly fall in car sales for Maruti, which has been dogged by a series of crippling labour disputes at one of its plants in the northern Indian state of Haryana. In October, Maruti sales had slumped more than half from their level the previous year -- its worst monthly figures in a decade. The disputes erupted as Maruti battled to boost its market share, which has shrunk in the past four years from 55 percent to 38 percent, as other global auto giants seek a foothold in India\'s vehicle market. Car sales have also been slowing in India due to high borrowing costs. Prices have risen on the back of steeper commodity prices and 13 interest rate hikes by the central bank since March 2010 to tame near double-digit inflation, analysts say. But analysts expect car sales to improve in coming months, with India\'s central bank holding rates and inflation showing early signs of moderating. \"The micro factors are improving... interest rates are on hold, production constraints (for Maruti) are over and the industry has a strong backlog of orders to complete,\" Mahantesh Sabarad from Fortune Equity Brokers told AFP. \"This could mean improved sales data going ahead,\" the auto analyst added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s maruti sees 71 fall in monthly sales india\s maruti sees 71 fall in monthly sales

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s maruti sees 71 fall in monthly sales india\s maruti sees 71 fall in monthly sales

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday