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Car makers have mixed showing in festive season, slowdown may return

Nov 04, 2019 12:25 IST

Industry volumes collated from the top 11 passenger vehicle makers point to a marginal 1.5 per cent growth last month . However, the bulk of sales was done by market leader Maruti Suzuki, Renault India, and the two new entrants - Kia and MG Motors. Hyundai registered a near 4 per cent decline in sales while Mahindra, Tata, Honda and Ford witnessed much steeper falls of between 23 to 29 per cent over October 2018. There's also debate on whether this is a sustainable turnaround in the market as the industry benefited in October from both festivals - Dussehra and Diwali, falling in the same month.

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