Waiting for the RBI?

December turned out to be a mixed bag for the country’s car makers, throwing up confusing signals. Maruti Suzuki, the country’s largest car maker, reported a six per cent rise in domestic sales during the month over December 2011. Mahindra & Mahindra’s sales were up 18 per cent. On the other hand, Hyundai, the second-largest car maker, saw sales drop almost 10 per cent. Tata Motors was down a staggering 51 per cent. Toyota was down almost 25 per cent during the month, while General Motors fell over 20 per cent. Honda and Ford reported 300 per cent and nine per cent gains, respectively, but on a smaller base.

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