Car sales shift to first gear in January after demand bump

Sales of passenger vehicles in January showed modest growth due to a high base and weak local market demand. Maruti Suzuki, Hyundai Motor India, and Tata Motors had varied performances, while Mahindra & Mahindra and Toyota Kirloskar Motor saw significant increases. The Union Budget's tax changes may boost consumer confidence, but a slowdown in two-wheeler demand remains.

from Auto-Industry-Economic Times https://ift.tt/BUPmtYl