Festive Season Ushers in Cheers Across Segments | Big Trends 2023
3As the festive season kicks off, a ray of hope shines on various segments of the Indian market. In the passenger vehicle (PV) sector, Onam festivities started on a high note with an impressive year-on-year growth of over 20% compared to the previous festive season. However, in the two-wheeler (2W) segment, pre-festive inventory levels have already reached their highest point, indicating strong demand expectations. Commercial vehicles (CV) are witnessing a rebound in freight demand, bouncing back from the lean months of the monsoon season. Unfortunately, the tractor segment is experiencing a year-on-year decline, primarily due to a high base from the previous year. Overall, the festive spirit seems to be driving positivity across these diverse sectors, promising an exciting season ahead. Watch this video to know about the Auto sales expectation from September month.
#festiveseason #etnow #bigtrends2023
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