Car sales shoot up despite rise in petrol prices
Auto retail sales in February are showing signs of recovery with automakers reporting rise in sales, although petrol prices have crossed ₹100 per litre. Reason: the shift towards personal mobility.
Auto retail sales in February are showing signs of recovery with automakers reporting rise in sales, although petrol prices have crossed ₹100 per litre. Reason: the shift towards personal mobility.
A cut in personal tax rates to spur consumption could lift shares of auto, consumer durables, and FMCG companies.