Initial responses from automakers indicate that this Diwali has brought some cheer to car and two-wheeler makers. Many of them have reported strong sales during this festival period.
“Deliveries and retails were better than expectations this Dhanteras and Padwa. Bookings in the last 1012 days and conversions to retails have been quite good. Our members are happy with the sales and are hopeful of the positive sentiment extending beyond Diwali too,” Ashish Harsharaj Kale, President of FADA (Federation of Automobile Dealers Associations) told BusinessLine. While companies with which BusinessLine spoke to sought a couple of more days to disclose the complete sales numbers; most of them said they witnessed impressive sales on Dhanteras.
It is learnt that leading car-maker Maruti, which has been seeing a significant fall in monthly sales of its passenger vehicles, is reported to have done well this Diwali season.
This story is from the October 30, 2019 edition of The Hindu Business Line.
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This story is from the October 30, 2019 edition of The Hindu Business Line.
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