No Festive Boost Yet For Retail Auto Sales

Automakers pushed inventories to dealerships ahead of the festive season in October anticipating a pick-up in sales but data from the ground isn’t encouraging.Factory-gate shipments of cars, two-wheelers, commercial vehicles and tractors were significantly higher than retail sales in the last two months, leading to a build-up in inventory levels which has crossed the 30-day mark.Vehicles registered during the nine-day Navaratri festi...