consumer sentiment

Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura

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Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura

Consumer sentiment in the local market is weak, discounts are increasing month on month which has generated ‘artificial demand’, Honda Cars India President & CEO Takuya Tsumura told ET. Tsumura said while the industry had expected slow sales at the start of the fiscal year on account of the general elections, even after the results … Read more

Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment

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Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment

Retail sales of passenger and commercial vehicles in India fell in August from a year earlier as excessive rainfall in several states weighed on consumer sentiment and economic activity, worsening woes for automakers. While passenger vehicle sales fell by 4.5% to 309,053 units, commercial vehicles slid 6.05% to 73,253 units amid weather-related disruptions and weak … Read more