It Is The Best Time To Seize The Day

The economic slowdown has made for some scary headlines in the last few months. Among those, slowdown in car sales is the most talked about, since it forms over seven per cent  of the country’s GDP. Several factors have led to this slowdown, increase in cost of acquisition being a major reason. Shashank Srivastava, Executive Director (marketing and sales), Maruti Suzuki India elaborates, this is mainly due to the changes in safety norms, conforming to which has led to a price increase of cars. The insurance charges and road taxes and registrations have also gone up. Uncertainties regarding the B-IV and B-VI emission norms have also led to a slowdown in car sales. “Buyers are postponing their purchase decision due to weak market sentiments and the ongoing shift to BS-VI emission norms. We expect sales to pick up next year as BS-VI norms are implemented across the country...