sales decline

Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura

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Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura

Consumer sentiment in the local market is weak, discounts are increasing month on month which has generated ‘artificial demand’, Honda Cars India President & CEO Takuya Tsumura told ET. Tsumura said while the industry had expected slow sales at the start of the fiscal year on account of the general elections, even after the results … Read more

Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales

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Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales

Tata Motors is set to advance the annual maintenance shutdown of its passenger vehicle plants due to mounting stockpiles-equivalent to up to two months of sales-amid slowing sales across its petrol, CNG and electric cars, multiple people aware of the company’s plans said. This is to align production with demand and correct the stock before … Read more