Festive season fails to cheer car makers, Oct sales subdued
Festival season failed to bring cheer to car makers, as major players including Maruti Suzuki India, Hyundai and Mahindra failed to register significant sales growth during the month, which otherwise has been one of the best periods for vehicle sales in the country.
While Maruti Suzuki and Hyundai posted marginal rise in sales during October, others including utility vehicle major Mahindra & Mahindra, Toyota Kirloskar and Ford registered decline in sales as compared to same period of previous year as sentiments remained subdued.