Auto industry expects car sales to be on fast lane this festive season on back of new launches: Vinkesh Gulati
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The Federation of Automobile Dealers Associations (FADA) president Vinkesh Gulati has said the auto industry expects car sales to be on the fast lane this festive season on the back of new launches and improved production but is cautiously optimistic on the road ahead once the festivities peter out. The festive season, which usually witnesses a spike in automobile sales, begins this year on August 11 with Rakshabandhan stretching up to Diwali on October 25.
He mentioned ‘We expect the festive season this year to be the best in terms of passenger vehicle sales on the back of new launches and improved production activity. The industry has been rolling out over 3 lakh units on an average in the past 4-5 months which is helping in retails.’
He listed erratic monsoon in some parts of the country, inflationary pressures and the looming threat of a China-Taiwan war as some of the challenges to watch out for in the days ahead. FADA represents over 15,000 automobile dealers across the country.
