Automobile sales to witness 40% jump during run-up to Diwali
Published By : Prameya News Bureau | October 24, 2022 IST
Share
New Delhi, Oct 23 (IANS) With the festival season in full swing, automobile dealers expect a huge spike of around 40 per cent in car and two-wheeler sales in the run-up to Diwali across the country. Auto dealers say that between Navratri and Diwali, nearly two lakh passenger vehicles are likely to be sold while around 8 lakh units so far have been booked. According to Federation of Automobile Dealers Associations (FADA), the retail sales segment witnessed 57 per cent growth during Navratri period. Similarly, according to Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle sales saw 92 per cent year-on-year growth to 3,07,389 units in September. The total passenger vehicle sales consisting of cars and vans in the domestic market stood at 1,60,212 units in September last year. FADA President Manish Raj Singhania was quoted in media reports as saying that dealers are expecting record bookings as customers insist on deliveries during Dhanteras period. According to auto retailers, sales rose by 11 per cent in September owing to enhanced supplies from manufacturers with the onset of Diwali season.
News7 Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Snapchat logs significant growth in daily active users globally
Deadline for filing 10A/10AB forms extended upto 30th June
RBI cautions public against prepaid payment instruments by illegal entities
Credit card data of 17K ICICI Bank users exposed; bank blocks cards
SEBI probes 2 funds for shorting Adani stocks before Hindenburg report
KABIL inks MoU with CSIR-NGRI for advancing geophysical investigations in minerals sector
RBI asks Kotak Mahindra Bank to stop onboarding new customers online
UiPath launches two new data centres in India
TPSODL gears up to maintain reliable power supply during Kalabaisakhi season
EcoR to run 10 Summer Special trains in Odisha, Know details.....
PayU gets RBI's in-principle nod to operate as payments aggregator
RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
Parveen Verma appointed as CEO, TPWODL
Apple ecosystem is one of the leading employment generators in India: Vaishnaw
Internet subscribers reach 936.16 million in India, telephone subscribers cross 1.19 billion: TRAI
BharatPe launches India's first all-in-one payment device
Aston Martin launches new sports car 'Vantage' at Rs 3.99 cr in India
India's first all-in-one payment device launched
Ola becomes 1st to launch ride-hailing operations at Ayodhya Airport
Reliance Industries becomes first Indian company to cross Rs 1 lakh crore threshold in pre-tax profits