Key Points
Maruti Suzuki and Hyundai, the leading carmakers in the country, are set to achieve their best January sales driven by strong consumer demand, particularly for SUVs..
The country's leading carmakers including Maruti Suzuki and Hyundai are off to a good start in the new year and are on way to post their best January sales riding on sustained consumer demand, especially for high-margin sports utility vehicles (SUVs)...
Increasing consumer preference for more expensive, feature-rich SUVs have raised the average selling price of passenger vehicles in the country by almost 1 lakh in the last 12 months, and by 3.3 lakh in the last four years, executives said..
"Demand parameters, as indicated by bookings and enquiries, remain healthy," said Shashank Srivastava, senior executive officer (marketing and sales) at the country's largest carmaker Maruti Suzuki...
Overall dispatches this month, though, will be ahead of retail volumes with dealers restocking showrooms post robust deliveries in December, he said.. Inventory in Maruti Suzuki's channel is expected to reach about 250,000 units by the end of January - still shy of meeting estimated demand for a month - up from 176,000 units at the start of the month...
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