Indian Auto Sector Expects Splurge In Sales In The Coming Festive Season
With Dussreah and Diwali coming back to back, it would be a great opportunity for automakers.
Just before the beginning of the festival season in India, the auto sector is showing signs of revival. The sales of several automating companies have splurged in past few weeks. Sources also state that luxury car makers like BMW and Mercedes have launched some new products ahead of the festive season. Vice President, Sales & Marketing of Mercedes-Benz India, Santosh Iyer states that with Dussreah and Diwali coming back to back, it would be a great opportunity for automakers. He further said that looking at the situation getting back to normal, the Indian consumers want to splurge on luxury products.
Reports also reveal that BMW and Mercedes have increased prices of some of their top models to achieve high-profit margins. Iyer also is of view that October and November will yield similar sales figures as last year.
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