RPT-India's Maruti raises discounts to drive car sales

Newswire

(Repeats story issued on Saturday) MUMBAI, Aug 18 (Reuters) - India's top car maker, Maruti Udyog Ltd , has raised discounts on many of its models as demand slows amid higher interest rates, newspaper adverts on Saturday showed. Maruti, majority-owned by Japan's Suzuki Motor Corp , has raised discounts to up to $1,090 and extended the offer to many of its models, including its best-selling Alto and the Esteem sedan, to shore up sales. Maruti, which has nearly half of India's market for ...

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