Dealers attribute the sluggishness in sales to distress in rural India as well as tepid sentiment in urban markets.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
The new Tata Tigor, Datsun Go and Hero Xtreme 200R are hoping to use celebrity endorsers and gain a foothold in a segment that has been the stronghold of market leaders for several decades. But will it work?
The rupee has depreciated by 0.95 per cent in two days.
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