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Monday, 31 October 2011

This festive season brought no cheer to carmakers

Vcommfb
The festive season came and went by, but the spark that passenger carmakers were looking forward was nowhere, just as two-wheeler makers rejoiced a strong showing with higher sales backed by festivities.

Industry observers said, the peak of the festive season, which start Navratri to Diwali, usually draws more number of people into the showrooms and the sales see jump of 15-20% more than the average monthly sales, but this time most of passenger carmakers are likely to post flattish or maximum 5-10% growth that too driven by big discounts, offers and new launches.Vcommindia News

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