On costlier fuel, high interest rates Car launches to take a back seat

A sharp increase in fuel prices and high interest rates have hit a series of car launches in the past six months, with companies such as Hyundai, Ford, Nissan and not to generate customer enthusiasm both Renault. Many of these companies are offering attractive discounts or sales incentives to attract other customers. Eon Hyundai style, it was expected that the workhorse Maruti Suzuki and biggest selling car Alto, could not meet the pre-launch expectations. The company sold half a small car from 6.500 to 7.500 units per month, almost half of its own estimate of 12,000 units. Automobile News