Carmakers put DeMo behind them, clock improved sales in January 2017
Contrary to expectations, 2017 has opened on a better note for most passenger vehicle manufacturers as the demonetisation-hit Indian economy gradually limps back to normalcy.
The first month of a new year always brings in good tidings and it is no different for 2017, albeit the difference is that the last two months of 2016 saw the economy and consumers alike being hugely impacted by the demonetisation of Rs 500 and Rs 1,000 currency notes.
It also helps that in India, as in other global markets, vehicle buyers prefer to have a new vehicle registration in the new year, which means some pent-up demand from the previous month (December 2016) would have been carried over into January.
Maruti Suzuki India, ...
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