Domestic automakers see worst festive season performance in nearly a decade: Report
India Today
Domestic automakers witnessed the worst festive season performance in nearly a decade due to a sharp drop in sales.
The all-important festive period from Navratri to Diwali this year marked the worst performance for domestic automakers in nearly a decade.
Sales of passenger vehicles (PVs) usually peak during the period, but demand was much lower during this year, especially in northern India. Registrations for new vehicles during the 30-day period declined steeply by double digits in comparison to the same period last year, reported The Economic Times.
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