Automobile Industry Monthly Update

Research report by 'Ventura Securities Ltd'
     
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Auto sales continued to rise unabated in July on the back of easier financing opportunities, new launches and refurbishments of existing models. Most domestic auto makers have reported sales growth in double digits in July. The strong demand environment in the sector has led to better pricing power with most of the automobile companies, and in the in the current month August, market leader Maruti has hiked product prices upto Rs 7,500 across all categories to protect its margins.


   
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