Diwali has brought much-needed sparkle to companies and retailers in an otherwise weak festival season.
The crucial Dhanteras to Bhai Dooj period — stretching from Friday to Tuesday — saw automobile retail sales increase by high double digits, while consumer durable sales grew 6-8 per cent over last year, led by metro markets and large-format stores. Credit-driven sales were also high in consumer durables this Diwali, with around 70 per cent of sales in urban areas coming from finance schemes and cashbacks from players such as HDFC Bank, ICICI Bank, and Kotak Mahindra ...
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