Two third of the respondents intend to spend money during this festival season, with half of them willing to spend over ₹10,000 on festival purchases, as per the LocalCircles survey.
While consumer sentiments can make a handsome comeback in July, some caveats warrant caution to be attached to this reversal, CMIE says.
After Maruti Suzuki, Hyundai, and Mahindra, Kia Motors sold the most cars in November. It has sold more than 40,000 Seltos since its launch in August despite a slowdown in the auto industry.
