Jagran Josh Logo
  1. Home
  2.  |  
  3. Economy Current Affairs |  

Domestic Automobile Sales Decreased in December 2012 despite Heavy Discounts

Jan 2, 2013 17:26 IST

The domestic automobile sales finished at the lower end in December 2012, just like the remaining year, despite all the discounts.

The homegrown auto manufacturer Tata Motors recorded a surprising drop of 51 percent in its sales in the month of December 2012. Apart from this, other car manufacturers such as General Motors, Toyota and Korean Hyundai Motor also witnessed decline in the sales in December 2012. However, Honda Motor Co, Mahindra & Mahindra (M&M) and Ford India registered a fair rise in their sale.

The scenario of dropping-sales has continued throughout the year 2012 despite heavy discounts and offers. The automobile market however remained depressed throughout 2012 on the grounds of negative factors such as worsening economic conditions as well as higher rates of interest.

The automobile market remained low even in terms of sales of two-wheelers. While the market leader Hero MotoCorp recorded flat sales, TVS on the other hand witnessed a 10 percent decrease.

Is this article important for exams ? Yes7 People Agreed
Read more Current Affairs on: automobile sales , Tata Motors , economic conditions

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK