Show­room sales of Maruti in Dec stood at around 220,000 units, which is 18.18% higher than in year-ago pe­riod

Mint ST - - FRONT PAGE -

The melt­down at In­fra­struc­ture Leas­ing and Fi­nan­cial Ser­vices Ltd to­wards the end of last year led to a credit crunch among NBFCS, squeez­ing loans for re­tail bor­row­ers in­clud­ing car buy­ers.

Ac­cord­ing to the peo­ple men­tioned ear­lier, the com­pany of­fered sig­nif­i­cant dis­counts on all prod­ucts at its Arena and Nexa chain of deal­er­ships, aided by a slight re­cov­ery in cus­tomer sen­ti­ment in the sec­ond half of De­cem­ber.

Among oth­ers, Maruti of­fered a ₹25,000 dis­count on its com­pact SUV Vi­tara Brezza, one of In­dia’s top-sell­ing models with a wait­ing pe­riod of more than a month, said one of the two peo­ple cited ear­lier. On premium prod­ucts such as the

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