Sub-Rs 10L cars account for 78% of festive sales – The Times of India

CHENNAI: Rationalized GST rates and upbeat festive sentiment have pushed demand in the bread-and-butter sub-Rs 10 lakh segment of the sector to multi-year highs, amid an ongoing premiumization wave in the country. The revision of tax rates – especially for small cars and compact SUVs – expanded affordability and revived interest among price-conscious buyers who […]

Festive sales season ends with a bang: car, smartphone and white goods purchases increase by 50% compared to last year

As consumers finish their last festive shopping on Sunday, companies selling clothing to smartphones, white goods and cars estimate up to 50% more sales between Navratri and Diwali this year than last year. For auto and electronics manufacturers, growth this season is the fastest in more than a decade. Industry executives attributed this increase in […]