Rebounding after two pandemic-hit years, automobile dealers expect a bumper sale of two- and four-wheelers during the auspicious Dhanteras this year. Dealers expect a rush for automobiles across categories. Federation of Automobile Dealers Association (FADA) President Manish Raj Singhania said dealers are sitting on a record number of bookings this festive season and most customers are insisting on deliveries on Dhanteras. Dhanteras, also known as Dhanatrayodashi, is celebrated each year as the first day to mark the beginning of Diwali. On this day, Hindus, Jains and Sikhs buy brass, silver and gold objects as it is regarded as one of the most auspicious and ideal days to purchase expensive items. This year, Dhanteras is being celebrated on October 22 and 23. Auto dealers are expecting bumper sales in all segments, including passenger and commercial vehicles and two-wheelers. "We expect record retail sales of passenger vehicles on Dhanteras. Even two-wheeler sales are expected to .
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
The state capital spent around Rs 2,900 crore in a single day on Tuesday.
At least 11,716 Indian businesspeople died by suicide in 2020. More on that story in our morning headlines.
Dhanteras marks the beginning of Diwali festival and considered to be an auspicious occasion to buy precious metal in India
In July-August, the jewellery-buying sentiment was somewhat muted due to high gold prices
Jewellery manufacturers across all major cities have offered good discount of up to 50 per cent on making charges to lure customers