Data Drive: Festive boost to auto sales

Data Drive: Festive boost to auto sales

Oct 31, 2022

The festive-season trend underscores strong passenger vehicle demand and raises hopes of a two-wheeler and tractor demand recovery.

The automobile industry witnessed double-digits sales growth in the final week of this festive season. Sales of electric and petrol/CNG vehicles outperformed sales of other fuel-type vehicle segments.

The festive-season trend underscores strong passenger vehicle demand and raises hopes of a two-wheeler and tractor demand recovery.

However, sustaining the demand momentum, especially for two-wheelers, will be crucial after the festive period for it to be really called a recovery, a report from BNP Paribas notes.

Source - financialexpress.com

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