Reverse gear: Festive season fails to boost auto sales

Despite the traditional up-tick in sales during the festive season, the slump in the domestic automobile sector continued unabated in October with the overall sectoral off-take plunging 12.76 percent.

On Monday, data furnished by the Society of Indian Automobile Manufacturers (SIAM), showed that the Indian automobile sector’s total sales declined by 12.76 percent to 2,176,136 units in October from 2,494,345 units sold during the corresponding month of the previous year.

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