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BQ Survey | Tepid Demand To Hurt Auto Sales In January Despite Discounts
Did auto sales revive in January? Here’s what BloombergQuint’s dealer survey found...
28 Jan 2019, 08:38 PM IST 
An employee fits the break assembly of a Mahindra and Mahindra Ltd. XUV 500 sport-utility vehicle (SUV) on the production line at the company’s facility in Chakan, Maharashtra, India. (Photographer: Udit Kulshrestha/Bloomberg)
Discounts failed to boost sales in the new year as the slowdown in auto sales continued because of weak demand and a high base, according to a BloombergQuint survey.While sales improved over the previous month, there hasn’t been a substantial pick-up in demand, said Vinkesh Gulati, partner, United Automobiles, attributing it to the heavy discounting rolled over from last month and some festive buying on account of Makar Sankranti and...
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