In wake of poor festive season demand, carmakers consider bigger discounts

After not-so-impressive October sales, carmakers in India are considering bigger discounts on vehicles in order to make the most of the Diwali season.

With fuel prices, insurance costs, interest rates going up, carmakers have seen vehicle sales remain almost flat during September and October despite the festive season.

According to a Times of India report, with a heavy inventory at showrooms, companies are looking to clear excess stocks by making the deals better in favour of customers.

Country's largest passenger vehicle maker Maruti Suzuki saw an almost flat growth of 0.6 per cent in sales to dealerships in October, identical