Maruti offering discounts to boost sales

India’s largest car manufacturer Maruti has now launched the “Smile India Smile” offer which runs till August 15.

Under this scheme, Maruti is offering discounts ranging from 7,000-30,000 rupees on several of their models including Alto and Esteem.

The aim is to boost the sales of their cars. Market is seeing a slowdown of sales as the auto loan interests are touching new heights.

The company further said that it would be hard to match its record domestic sales of 2006/07 because of firm interest rates.

They are not alone suffering from rising interest rates. Tata Motors has announced that they are scaling down production of their cars as a result of softer demand.