After experiencing a dull market for a long time, car manufacturers are now rejoicing their Christmas gift. This merriment is brought by the government who has played the role of Santa by gifting them the lowered excise duty. Yes, the 4% reduction in the central value-added tax has tremendously raised car sales.
Excitingly, the market that was down from the past few months, have witnessed a number of customers walking into the car showrooms. With this, the December car sales have rose to about 20-25%. Even the piled inventories with the manufacturers are getting cleared.
The discounts offered by car manufacturers in response to the lower excise duty had not shown any kind of excitement at an early stage. But gradually, leading car players realized that the rebates have helped improved car sales, especially in the past five days.
Cars that have experienced maximum sales are the small cars that account for about three-fourth of the total car sales in December. Car companies like the Hyundai and the Maruti Suzuki have gained maximum revenues from their pleasing small cars like the Alto and Santro. Talking about the sedans, the New Honda City has seen good demand among the consumers.
All these car manufacturers has received the gift they wanted. But, luxury car manufacturers like the Mercedes-Benz and the BMW are still in dark because of the high car finance rates. However, with the end of this calendar year, luxury car manufacturers are still hunting for better ways to boost their sales.
Have car manufacturers really received theri christams gift? I dont think that any of the car manufacturer in India have witnessed good sales this December.
No friend, there are car manufacturers who have witnessed good sales especially the samll car manufacturers like Hyundai and Maruti.
So santa claus gave car manufacturers the gift they wanted. and what abiut us? When wil these manufacturers give us the actual gift. the prices that they have cut down is not sufficient enough to attract buyers. and still further news are there that the car prices are to be increased.
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