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Auto Sales In India Fail To Live Up To Expectations During Festive Season
Retail auto sales in the festive season spread over October and November didn’t match to up to wholesale dispatches by automakers.
24 Nov 2020, 01:45 PM IST
Indian automakers shipped more vehicles from their factories this festive period than last year, hoping for a recovery from the pandemic, but retail demand fell short of expectations.“While there is demand but not much year-on-year growth. We expected single-digit growth, and it’s on the same lines,” Ashish Modani, vice president and co-head of corporate ratings at ICRA Ltd., said over the phone. The double-digit growth that original...
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