This festive season is the dullest for auto makers in six years. Here's why
Updated : October 23, 2018 10:52 AM IST
Over the last three months, the demand has been extremely poor owing to 15 percent increase in fuel prices, 100 percent jump in insurance cost and 50 bps rise in interest rates.
The Federation of Automobile Dealers Associations indicates that the retail sales are down between 5 percent to 20 percent for cars and two-wheelers this season.