Tata, Hyundai, Kia and Mahindra shine in November but carmakers hoped for more in festive season
After a two-month streak of healthy despatches to dealers in anticipation of festive demand, carmakers mellow down wholesales in November.
The Indian passenger vehicle (PV) market has seemingly been rather quick in responding positively to the disruption caused by the Covid-19 pandemic, with ample proof of the beginning of asales recovery during the festive months of September and October, which recorded healthy double-digit growth, 35 percent and 15 percent, respectively.
However, with the GDP in negative territory, a lot of dark clouds are still hovering around the complete economic revival, and experts believe that the festive season sales to be high on account of the joyous mood of the buyer, as well as people starting to feel the increased ...
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