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BQ Survey | Inventory Falls As Festive Season Discounts Lift Retail Auto Sales In October
Deep discounts lured buyers during the festive season, but a sustained recovery from the auto slowdown is still some time away.
01 Nov 2019, 11:44 AM IST
Retail sales of cars and two-wheelers rose, and inventory fell in October as deep discounts lured buyers to showrooms during the festive season, according to a BloombergQuint survey.Demand mainly picked up from the second half of Navratri, or the nine days leading to Dussehra, considered auspicious for buying, the survey of nine large dealerships across India revealed.“The third quarter, which is the best quarter for the industry, ha...
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