Maruti Suzuki shares race 7% as UP waives registration fee on hybrid cars
Maruti Suzuki currently sells only two hybrid cars — sport utility vehicle Grand Vitara and multi-purpose vehicle Invicto.
Maruti Suzuki currently sells only two hybrid cars — sport utility vehicle Grand Vitara and multi-purpose vehicle Invicto.
Component makers to face a bumpy ride as price-sensitive market acts as deterrent.
Pushed by festive season offers, passenger vehicles showed the biggest growth: 11%. It grew from 223,498 units last year to 248,036.
Data released by SIAM on Wednesday shows that passenger cars sales fell to 122,956 units from 191,979 a year ago due to muted consumer sentiment.
The commercial vehicle segment posted the highest fall at 14% followed by two-wheelers at 6.4% and three-wheelers at 6.1%.
Overall sales of the auto industry, which has been facing headwinds for more than a year, fell 12.34% to 1,997,952 units in June from 2,279,186 units a year ago.