Top 10 PVs – January 2020 | Maruti Dzire and Baleno shine, Kia Seltos drives up the ladder
As India Auto Inc reels under the prolonged market slowdown and is also making a swift shift to BS VI emissions norms from April 1, maintaining good sales traction has been a challenge over the past 16 months and more.
While 2019 closed on a rather muted note for carmakers, who are generally able to lure customers on the basis of heavy discounting strategies, 2020 opened with a tepid January delivering a 6.20 percent year-on-year sales decline for the passenger vehicle segment which topped off at 262,714 units.
While players such as Maruti Suzuki, Renault India and Kia Motors Indiawere in the black with reasonable sales, the majority of the market is still down in the dumps due to weak consumer sentiment, lack of liquidity in the economy and buyers in the personal space preferring to hold ...
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