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Maruti's sales show the middle class is unaffected by demonetisation

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.
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