Seeking Alpha

Festival season could spark auto sales in India

  • Automobile manufacturers in India see an opportunity with the upcoming festival season in the nation to sell cars at a healthier rate.
  • Analysts think sales could shoot up 10% during the festival months after dropping every month of the current fiscal year.
  • New introductions from Maruti Suzuki, Volkswagen (VLKAY.PK), and Nissan (NSANY.OB) in India are timed to take advantage of the festival rush.
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