Watch this edition of 3-Point Analysis to find out if the festive sales suggest the auto sector is out of the woods
It is the start of a new month and auto companies have started reporting their sales numbers for the previous month and from the data available so far, its looks a rather bleak October.
Maruti Suzuki, India's top carmaker, sold less than half the cars in October as it did a year previously as labour unrest that cost around USD 500 million in lost production compounded a demand slowdown in Asia's third-largest economy.