Auto retail in Navratri grow 18%, near-term outlook remains mixed: FADA, ET Auto
FADA Results For October: The first half of October 2023, marked by the Shraddh period, saw an 8% YoY decline. However, a MoM comparison reveals a 13% surge, indicative of resilient market demand. Navratri '23 brought unprecedented sales to auto retail, surpassing the previous high of Navratri '17. YoY figures for this period show a robust 18% increase in overall auto retail, FADA said.
Source: indiatimes.com
