Here’s thought about premium MPV ‘R’ Class.
Festive season is upon us and the automobile sector wants to drive the wave of optimism with the flurry of new launches. The industry expects the biggest-ever festive season with sales growing by 1.3-1.5 times.
With just a day to go for the festive season, Mercedes Benz has already launched its premium MPV 'R' Class for the luxury car lovers. Within a span of just one week, three more new launches are in the offing across categories.
Fiat will launch the variant of its sedan Linea, Tata Motors is launching its much awaited cross over Aria and Czech carmaker Skoda, too, would be launching a refreshed Fabia to hot up the hatchback space.
On the two wheeler front, the likes of Hero Honda, Mahindra Two wheelers, Yamaha and Suzuki have already launched products which will be available in the showrooms now.
"Everything is going great guns for the industry. We have already exceeded our annual sales targets in the first nine months itself. And with festive season around, we expect to sales to grow in the range of 1.2-1.3 times," said Debashish Mitra, director (sales & marketing), Mercedes Benz.
"All the OEMs want to make the most of the festive season. In fact, we do expect that since the demand is good, almost all OEM's would withdraw their discounts and boost their profits," said Amol Bhutada, Auto Analyst, Elara Capital.
There is already a waiting period of a few week of at least one or two models for each of the auto makers, who on their part are building capacities so that their customers don’t shift loyalties. But they are also hoping that component suppliers gear up to meet the demand.
Read more at: http://profit.ndtv.com/news/show/automakers-line-up-new-launches-for-festive-season-106048?cp
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