Carmakers post flat growth in Nov; new models remain top hits - watsupptoday.com
Carmakers post flat growth in Nov; new models remain top hits
Posted Monday 03:27 PM

Image Source: MONEY CONTROL

Agencies

The demand for SUVs and other cars appeared subdued in November after a brief pick-up in October as 14 manufacturers collectively reported a 0.4 percent fall in wholesales volumes during the month.

A dip in discount level, a perceived desire to buy next-generation Bharat Stage VI (BS-VI) vehicles in 2020 and the tendency to avoid buying at the end of the year made buyers say away from showrooms. The industry posted sales of 263,398 units in November as against 264,488 units sold in November 2018.

One-product company Kia Motors has again managed to beat the trend even as traditional heavyweights Tata Motors and Mahindra feel the heat of the slowdown. Kia beat Tata Motors and came very close to M&M in November.

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