There will be bumper sale of vehicles in Durga Puja, Dhanteras and Diwali, estimated to sell 10 lakh vehicles

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Domestic travelers this year during festivals vehicle sales is expected to cross the 10 lakh unit mark. This year the 68-day festival season will start from 17th August till 14th November. However, some days during this period are not considered auspicious for shopping.

Vehicle sales expected to increase by 22 to 26 percent

Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava told ‘PTI-Bhasha’ that sales usually increase during festivals, which is about 22-26 percent of the sales throughout the year. He said, “Total passenger vehicle sales are expected to be in the range of 40 lakh units in this financial year, around 10 lakh units are expected to be sold during the festivals. ,

Year saw strong sales in the auto industry

Srivastava said that this year the industry witnessed strong sales and it is expected to continue in the coming months as well. He said, “We have seen the best ever performance in April, May, June and July in terms of sales in this financial year. July saw the second highest ever sales in a month at around 3.52 lakh units. It is expected to be around 3.5 lakh units in August as well.

High rate of vehicle loan is also a matter of concern

The high rate of vehicle loans is also a matter of concern as about 83 per cent of consumers take loans to buy cars. When asked about Maruti Suzuki India’s sales projections, Srivastava said that the company’s sales during festivals are around 22-25 per cent of their total annual sales. Federation of Automobile Dealers Associations (FADA) expects increase in retail sales during festivals

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