India: Festive season fails to rev up car sales

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The demand for two-wheelers and four-wheelers is expected to decline by 25% this Navratri-Dussehra season, as compared to Oct’19, Federation of Automobile Dealers Associations (FADA) predicts. Meanwhile, the number of vehicles sold is expected to limit to 85,000 looking at the trend of bookings in Oct’20 against 1.09 lakh vehicles sold in Gujarat during this time of last fiscal. Moreover, average cost of vehicle has also increased by 30% in the two-wheeler segment.


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