Sales stable, price hikes expected from next quarter

After suffering the ill effects of decrease in the consumer demand and filling on the aspirations of people with a diversified bowl of choices, the auto industry seems to have bottomed out and now is the revival of market capitalization and sales figures, which will start kicking in from the next fiscal year as the Monetary Policy Committee (MPC) have revised their growth forecast for India’s GDP at 5% this fiscal. The basket of products on offer has increased fourfold in both the affordable SUV’s market and premium SUV’s market with the likes of Morrison Garage’s Hector and KIA Motors Seltos making up for big buzz apart from Tata Motors Harrier and the newly set to be launched Altroz which will be Tata Motors latest addition to the market apart from its premium brand Jaguar Land Rover (JLR) launching a new model of Defender in both the 5 seater option and the 7 seater option which are set to increase the market base of the premium brand both in Europe and in Asia region which is the biggest sales market for the car and its segment.

There are a host of other options also in the pipeline for carmakers and the innate focus has been on the affordable manufacturing of electric SUV’s with Tata Motors, Hyundai & MG taking the first steps in trying to solve the affordable Electric vehicle problems that face the Indian subcontinent along with the infrastructure development along the sides to provide a complete environment for the same. The prices of these cars are also set to rise from the next quarter between 10,000 – 50,000 depending upon the model and the fuel type, this is done to mitigate some losses and kick-start the new year with a boost to the environment that has been built around the industry for support and development.

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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