Market News

    India's tax cut keeps car sales buoyant in November

    India's top carmakers reported robust sales growth to dealers in November on Monday, boosted by an earlier tax reduction that lowered vehicle prices and spurred demand.
    Market leader Maruti Suzuki reported a 21% year-on-year rise in domestic sales, driven by sport utility vehicles as well as small cars like Alto. Rivals Mahindra & Mahindra and Tata Motors Passenger Vehicles both posted a 22% sales jump, while Hyundai Motor India's sales grew 4.3%
    Source : Reuters