Fiat India sold all of 288 cars in January; blames demonetisation
Fiat India sold only 288 units in January 2017 as against 630 units in January 2016.
Fiat sold only 288 units in January 2017 as against 630 units in January 2016
Tata Nano sold 391 units in January 2017
Fiat cut price of the Linea by up to Rs 77,000 in January
Punto hatchback price was cut by 7%
Fiat India, the subsidiary of Fiat Chrysler Automobiles, saw a large 54.2% decline in sales in January. The car marker sold only 288 units in January 2017 as against 630 units in January 2016, according to data from the Society of Indian Automobile Manufacturers (SIAM).
7 out of the of the 15 automobile manufacturers in India posted a decline in sales. This includes Toyota, Renault, Volkswagen, Chevrolet, Nissan and Mitsubishi.
While Toyota saw a 23.2% MoM decline in sales, Renault declined by 27.9% MoM, Chevrolet saw 67% decline in sales, Nissan declined by 6.6% and Mitsubishi over 300%.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.