According
to the company, sales during the period under review declined to 11,789
units from 11,869 units off-take in January-September 2017.
"The
company also faced significant headwinds in terms of prevailing
micro-economic factors such as rising interest rates, inflationary
hikes, depreciation of the rupee, rising import costs etc. which has
slowed down demand and may force the company to look at a price
revision," the automobile manufacturer said in a statement.
"Additionally,
a substantially high base of last year also posed significant sales
challenges in Q3 2018."
As
per the statement, sales momentum in the first three quarters of 2018
was driven by mainstay products comprising the Long Wheelbase E-Class,
the C-Class sedan, compact cars and SUVs.
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