Hopes dampen for car sale revival
majors, which
have witnessed a slowdown in the past few months. “There will certainly be a drop in sale in Mumbai as people will not venture out to buy cars,’’ Pawan Goenka, president of automotive sector at Mahindra & Mahindra, told TOI.
He said companies, which were relying on the Mumbai market to boost sales in the normally-sluggish year-end period, would see a significant negative impact. “It will certainly be slower than what it is in November. And going forward, December is never a big month for auto sales,’’ he said. More
Courtesy: economictimes.indiatimes.com