Maruti, Hyundai Boost September Car Sales on Festive Demand
Maruti Suzuki India Ltd., Hyundai Motor Co. and Mahindra & Mahindra Ltd. Thursday reported higher September sales as easing loan rates and the ongoing festival season in India lifted demand for cars and sport-utility vehicles.
Sales at Maruti, the local unit of Suzuki Motor Corp., surged 17% from a year earlier to 83,306 vehicles in September, boosted by higher demand in both local and overseas markets.
Maruti’s local sales grew 11% to 71,594 vehicles while exports surged 85% to 11,712 vehicles.
Demand for automobiles generally rises during the festive season, when it is considered auspicious to buy new products in many parts of India. The two-month season usually begins in October, but started in late September this year.
original post @ WSJ