After 9-month decline, auto dealers hope festive sales will be in fast lane

SIAM doesn't expect sales to look up in the coming months unless given a booster dose by the government through a fiscal incentive

After nine months of continuous decline in sales, auto dealers’ body Federation of Automobile Dealers Association (FADA) is bullish on a revival in the upcoming festive season. Not only that, it expects this festive season to be better than last year’s.

Consumer spending, which is marked by purchase of items such as consumer durables, real estate, jewellery and automobiles, surges the during the festive season. 

This year, the season begins with Ganesh Chaturthi on September 2 and ends with Diwali on October 27. The two to three month-period, marked by festivals, account for a third of annual sales for auto