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October auto sales preview: Recovery likely after nearly a year of pain

Updated : November 01, 2019 07:12 AM IST

The consensus view is that after eleven months of relentless pain, there will be a recovery, especially for passenger vehicles.
A large part of this recovery can be credited to the festive season as both Dhanteras and Diwali came in October, leading to a decent demand scenario in the market.
Brokerage firm Nomura expects a single-digit growth of 3-5 percent in passenger vehicle sales.

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