AMID rising concerns of a major slowdown in the automobile sector that has forced companies and dealer showrooms to give big discounts, the country's largest carmaker Maruti Suzuki India Ltd (MSIL) said on Tuesday that its retail sales this festive season (between the end of Shraadh and Diwali) is likely to have grown by 14% to nearly 3 lakh units.
"The festive season has been pretty good. We are expecting 14% growth in retail sales. This will bring down inventory levels at dealer showrooms by this month-end," said Maruti Suzuki Chairman RC Bhargava while acknowledging that demand for cars, especially those priced below â¹10 lakh, has slowed down due to lack of affordability.
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Here's to a happy and delicious Diwali!
Nutty aroma wafts into every room of the house from the kitchen. There is besan being roasted with some ghee, cardamom and a hint of sugar - you know that this mixture will be turned into little besan ladoos.
TRUMP OBSESSED WITH REVENGE. KAMALASAYS
US Democratic presidential candidate Kamala Harris launched a fierce attack on Donald Trump, describing him as 'unstable' and 'obsessed with revenge' while urging Americans to reject his chaos and division.
Ajay Devgn to star in nephew's debut film Azaad
JAY Devgn will next be seen in nephew Aaman Devgn's debut film Azaad.
A CHEF'S DIWALI
On his recent visit to Delhi, celebrity chef Ranveer Brar revives the nostalgia of his childhood Diwalis. His new book, A Journey Through India, shows how far he has come in his journey as a storyteller of culture.
Manchester United target Amorim says 'nothing decided yet'
RUBEN Amorim has said that \"nothing is decided yet,\" after Manchester United made the Sporting Lisbon coach their top target to replace sacked manager Erik ten Hag.
Spinner Patel geared up for 'homecoming' at Wankhede
AJAZ Patel doesn't remember what the Wankhede pitch in Mumbai looked like three years ago, but he remembers the feeling.
Medvedev loses to Popyrin in Paris
DANIIL Medvedev is still searching for his first ATP tournament victory this year after the World No 5 lost to Australia's Alexei Popyrin for the first time in his career at the Paris Masters on Wednesday.
Gill takes pay cut to keep Titans' core intact
GUJARAT Titans captain Shubman Gill has decided to take a pay cut and will be the second player retained by the IPL franchise ahead of the October 31 deadline.
Chennaiyin FC seek third away win
CHENNAIYIN FC have had a mixed start in the current season of the Indian Super League.
BEGINNING OF THE END?
With India having a long stretch of away tours starting with a five-match series Down Under, Ashwin & Jadeja might not play together in a home Test for almost a year
