INDIA SALES ANALYSIS: OCTOBER 2015
Indian carmakers rejoice as festive consumer demand boosts PV sales, while overall CV sales in India turn positive in October.
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As we get into the thick of the festive season in October, Indian passenger vehicle manufacturers seem to have hit the jackpot as sales skyrocketed in the month with the top automakers in the country witnessing double-digit growth.
Low fuel costs, festival discounts, falling interest rates and fresh model launches all together seem to have worked in favour of the OEMs as they witnessed a surge in despatches.
The surprise interest rate cut of 50 basis points by the Reserve Bank of India just before the start of the month set the tone for the days to come ...
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