Although PV sales remain subdued, two-wheelers, tractors and commercial vehicles offer resilience, with the promise of better times ahead
The encouraging numbers came on the back of positive sentiments across rural and semi-urban areas and the expectations of strong demand during the festive season.
The outlook remains positive as the upcoming general election is seen to have a positive impact on certain segments
CVs, EVs, premium bikes and PVs expected to maintain momentum with rural-centric companies facing demand challenges
Why is this time of the year important for automotive companies?
In an interview to CNBC-TV18A jay Shethiya, Auto Analyst at Centrum Broking talked about what his expectations is from the sales number this month. He believes that the pressure in medium and heavy commercial vehicles (MHCV) would continue.
Auto companies have started releasing their November sales figures. Mahantesh Sabarad, Senior vice president-institutional equity research, Fortune Equity Brokers spoke to CNBC-TV18 about his outlook for the sector now.