Hope is brewing for the auto industry as Mahindra and Maruti have delivered around 13,500 vehicles and 45,000 vehicles on Dhanteras, an auspicious day for purchases. Even luxury car maker Mercedes delivered over 600 cars on that day.
South Korean giant Hyundai delivered 12,500 in a single day. New entrant MG delivered 700 Hector SUVs too.
According to a report in Business Today, the over month long festive period between Navratri and Diwali accounts for around 25 per cent of volume of sales for cars and two-wheelers every year. Monthly sales are often 3.5-4 times during this period. Last year, however, the sales had fallen by 14 per cent.
Even with the surge of festive sale, Hyundai’s national sales head Vikas Jain has reportedly said that the sale figures were “still negative by 7-8 per cent”. He, however, added that the growth is good news.
Bargarh: A new artist will be selected to play the mythological character King Kansa during…
Mumbai: Suhana Khan will be making her Bollywood debut with ‘King’ along with her superstar…
New Delhi: After Diljit Dosanjh called out the double standards of Telangana government for banning…
New Delhi: Recent actions and counter-actions in the Russia-Ukraine conflict have pushed the world to the…
Balangir: Three persons were arrested and fake IPS officers’ uniforms along with fake identity cards…
Mumbai: Abhishek Bachchan’s highly-anticipated film ‘I Want To Talk’ released in theatres on Friday, and the…
New Delhi: Accused of giving cash to secure votes ahead of election day in Maharashtra,…
Bhubaneswar: Chief Minister Mohan Charan Majhi attended the ‘Odisha State Day Celebrations’ at the 43rd…