Maruti India Reports 24 Percent Drop in its Sales
Maruti Suzuki India - which recently launched its A-Star has not revived its sales figures nor has it helped them significantly. The company has reported a drop of nearly 24 percent in its sales figures just 15 days within the launch of the new model. Suzuki Motors corp. is the parent company of MSIL. It has suffered huge losses at the stock market in the US.
It holds 54 percent stake in the Indian joint venture. The company has seen significant decline in the Wagon-R and Alto sales figures. The auto industry is one of the badly hit industries across the globe due to the credit crisis. The auto analysts had been expecting this decline in the sales figures due to tight monetary conditions and the slowdown in the consumer demand.
[Via: cartradeindia]