Market switching back to petrol cars?
With the calendar year coming to an end, seems like the market is gradually showing a positive switch towards petrol powered cars.
After the diesel price deregulation, and the constant fuel price reductions, the entry level car buyer and even those looking for a diesel car are now looking closely at petrol powered models. Also, these petrol powered cars are easier on your wallet by a good margin.
Reports on the internet suggest that most of the manufacturers have exhausted their petrol powered 2014-make inventory while diesel models are still awaiting dispatch.
The Indian car market is moving out of the sales slump showing positive growth after a long time. The government however will soon end the excise duty benefits which will lead to an increase in car prices.