India will have to wait till the third quarter of this fiscal to witness the rebound in manufacturing, triggered by low-end consumer durables growth in semi-urban areas, says research firm Deloitte.
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
In the past four months, launches of luxury and super luxury cars have sped ahead of non-luxury ones.
The price differential between diesel and petrol has narrowed. But there are still enough reasons to opt for the diesel variant.
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