Rising fuel charges joined with bigger bank interest rates have outcome in slowdown for both small and luxury car producers in India, who have been understanding decline in sales figures since July this year. Sales in the luxury car division have been recorded to have left down by over 16% during July 2011. Luxury cars which had been footage a 50-55% growth on an average in India are facing trying times now.
Top auto manufacturers such as Mercedes Benz, Audi and BMW are examining a refuse in car sales of their top end models. While Mercedes Benz has traced its first fall in sales in three years, BMW and Audi too are finding reduced demands for their top models.
Customers are going away in for lesser end or entry level models like BMW X1, accessible at a price of Rs 22 lakhs and Audi A4 priced at 27.18 lakhs has more takers today. BMW which sold over 840 cars in July originated their X1 getting more leverage as evaluated to their high end models.
No comments:
Post a Comment