Retail sales of passenger vehicles during the festive season grew at a moderate pace of around 6 per cent year-on-year (YoY) to around 6.5 lakh units
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As per the data, a total 1,07, 520 units were sold in October 2024 as against 1,30,046 units sold in October 2023
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The report notes that all major vehicle categories showed positive growth, highlighting a vibrant festive season and robust rural demand as key drivers
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With declining passenger vehicle sales, automakers pin hopes on Navratri-Diwali to spur a turnaround in FY25
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The festive season boosts sales across industries, contributing 30-40 per cent of annual revenue and driving economic momentum during October to December
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The numbers and sentiment among the industry experts indicate towards direct-to-consumer (D2C) ecosystem’s upward trajectory in terms of their stand in the market landscape
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This upward momentum is not only transforming the housing sector but also driving growth in industries that support real estate development
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The survey highlights leisure as the top motivation for travel, with 63 per cent of respondents indicating it as their primary reason
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As Fast-moving Consumer Goods (FMCG) brands continue to adapt to changing consumer preferences, their strategies for catering to festive demand are evolving
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If your goal is investment rather than jewellery, digital gold or gold ETFs could be more cost-effective, as they eliminate making charges and storage issues
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