The importance of India as a strong export base for auto parts suppliers is increasing, says Anil Kumar M R, President and MD, SEG Automotive India.
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A positive market sentiment coupled with various attractive schemes from OEMs, as well as ready stock availability helped showrooms to move their products quickly.
Close to 2.5 to 3 million units of two wheelers are estimated to have been retailed between Navratri and end of Diwali festive season in India.
A record 1.025 million cars are estimated to have been retailed in the 90-day-period which started with Onam in Kerala and concluded with Bhai Dooj across the majority of the states.