Despite lacklustre demand in the auto industry, Maruti Suzuki India has managed to grow by 6% in July. The Indian auto industry had declined by 9 percent for eighth straight month in June. In this grim situation, when most of the auto brands are trying hard to survive the challenging economic situations, Maruti along with competitors like Honda, Renault, Mahindra (Tractors) and Ford have recorded higher sales. Maruti, the largest auto maker in India has sold 75,145 units in July. Growing popularity of its sedan DZire has also contributed to the growth of the company.
Overall the Indian auto market remained sluggish for more than a year now. Even with discounted offers and attractive schemes placed for consumers, most of the auto brands are not able to attract much response from potential buyers. And the situation is expected to become even tougher in times ahead. For surviving the storm, car makers are desperately looking for immediate assistance from the government. Auto brands like Hyundai, Tata Motors, Toyota, Mahindra & Mahindra etc. have recorded negative growth in July.