Business | Updated Aug 03, 2007 at 10:00pm IST

Logan tops in mid-car segment for 1st time

Sumantra Barooah, CNN-IBN

Mumbai: It may not be the biggest segment, but it's a very competitive one.

Since May, the first month of sales for Mahindra Renault's Logan and Maruti Suzuki's SX4, there's been a tussle for the top spot.

In May, SX4 overtook Honda City at the top with sales of almost 3,000 units, and Logan got 3rd spot with 2,584 units.

In June, City wrested back the top position with 2,656 units, while Logan moved to number two with 2,380 units.

The addition of 15 cities to its retail network helped Logan, but M&M says there were no discounts.

Says president, Auto Sector, M&M, Pawan Goenka, “No, we haven't done any aggressive pricing. It is the same launch price. With interest rate movement, in some markets we may have had to do some subvention of interest rate. Other than that we have not done anything.”

Except, that is, to work hard to get to the top of the segment without playing the discount game.

However, the coming months will not be easy as Honda is set to add a loaded variant, which might be out by October.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)

Comments (1)

All comments will be published after moderation

Trending Searches

#Mitt Romney #Morgan Stanley #Mahesh Bhupathi #Viswanathan Anand #Narendra Modi #Essar Group #Frank Lampard #Jagan #Indian Railways #Narendra Modi #Jagan #Naveen Patnaik #Sachin Tendulkar #Bharat Bandh #Sonia Gandhi #Manmohan Singh #Kohlberg Kravis Roberts #Goa