Renault India today announced a four-fold increase in year-on-year sales for the eight months from January to August 2013, despite the ongoing slowdown in the Indian automobile market. The company registered sales of 45,986 units in January-August 2013, compared to 10,139 cars during the same period in 2012. Renault sold 3,733 units in August 2013.
“Macroeconomic factors such as inflation, rising interest rates, increasing fuel prices, unstable stock market and the devaluation of the Rupee have been keenly felt in the Indian automobile industry, resulting in decreasing consumer demand and an overall de-growth of 9% so far this year,” said Sumit Sawhney, Executive Director, Marketing & Sales, Renault India Pvt. Ltd.