Auto dealers expect sales to hold firm in December

India's retail vehicle sales by dealers are expected to remain steady in December, a dealers’ body said on Monday, driven by a rebound in demand following recent tax cuts that made some cars cheaper and ongoing year-end incentive schemes for consumers.

- Reuters

Overall sales grew 2.14% in November, the Federation of Automobile Dealers Associations (Fada) said, with sales defying expectations of a slowdown after the festive season.

Automobile dealers cited confidence, pointing to stronger enquiry pipelines, the ongoing wedding season, improved inventory levels as well as year-end consumer schemes.