News > Automobile industry braces for potential discounts as consumer demand remains tepid

Automobile industry braces for potential discounts as consumer demand remains tepid

As India enters the festive season with Onam, companies are sceptical whether this year’s festive season will bring in the much-anticipated revival in consumption, considering demand continued to be subdued from low-to-mid income consumers and for entry-level products even in August despite the Independence Day sales. As per automobile industry estimates, the unsold stock of cars touched around 4,21,000 units by the end of August.