Maruti's sales show the middle class is unaffected by demonetisation
Monday, January 30, 2017, 3:36 PM
Maruti, the country’s top carmaker with a market share of close to 51% , clocked volume growth of 3.5% in the October-December 2016 quarter, well ahead of industry growth of 1.8%. The salaried class which forms the backbone of the company’s customer base has taken demonetisation in its stride. It accounted for 45% of sales with 80% of overall sales coming from financing.