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.
Young fashion brand FabAlley & Indya expects festive sales in East India to grow by 70% over last year.
India's auto industry, hurt by fall in demand due to Covid-19, sees momentary hope in the sale of tractors, signalling a buoyancy in the rural market.
A World Gold Council report says global demand for gold has taken a beating, falling by as much as 19% in the third quarter of this year.
Offline sales traffic for smartphones is likely to divert towards online marketplaces, which, in turn, would push up online sales.
The passenger vehicle segment saw the steepest fall as the festive season and discounts failed to revive sentiments.
Sales of passenger vehicles—which include cars, utility vehicles, and vans—fell 23.7% in September.
Hype founder and CEO Raghav Belavadi says when people don’t have the money to buy cars, renting and subscription is a good option.
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
The discounts on various Maruti Suzuki models are over and above existing promotional offers.
