With improved customer sentiment on the back of a good monsoon, steady interest rates and declining fuel prices, manufactures are optimistic that sales will pick up further in the second half of the year.
Though some manufacturers have yet to report the numbers, industry executives and experts estimate sales to have grown 8-10 per cent in the last month.
While the average price increase ranges from Rs 1500-5000, the price hike in case of new launches Baleno and Vitara Brezza stand up to Rs 10000 and Rs 20000 respectively.
In June, sales of passenger vehicles were subdued due to disruption in production at Maruti Suzuki due to an incident of fire at vendor Subros.
In an exclusive interview with The Economic Times Chairman and Managing Director, Rockman Industries, Suman Kant Munjal the intent behind the move is to be future-ready.
The statement added Sunil Kant Munjal has expressed his desire to step down as joint MD once his tenure comes to an end on August 16,2016.
If a particular vehicle emits more than prescribed limit, then it should be taken off roads, Folger explained.
This is the sixth launch for the company in the country in 2016. Mercedes Benz India has plans to launch 12 products and 10 new dealerships in the ongoing financial year.
New Centre has been established to ensure optimum utilization of resources at both the locations and focus towards the enhancement of the capability and the capacity.
The company, which started deliveries of the motorcycle earlier in March this year, has sold 100,000 units of the bike in the last four months.
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