September PV, CV & 2W sales better than August: are the green shoots of recovery here?
From the initial sales numbers released by OEMs for last month, September looks to be better than the not-so-august August, and October bids fair to be better than both, what with Navrati, Dassera and Diwali packed into the same month.
02 Oct 2019
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The beleaguered India Auto Inc, which has seen over a year of tepid and declining sales, finally may be seeing some sort of a recovery, driven by marginally improved consumer sentiment, heavy discounting on vehicles by OEMs, ushering in of the festive season and a feel-good corporate tax cut by the finance minister.
Nonetheless, it's early days yet and it will take some time for the industry to be out of the woods. From the initial sales numbers released by OEMs for last month, September looks to be better than the not-so-august August, and October bids fair to be ...
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