The first leg of the festive period, which ended with Vijayadashami on Sunday, left a trail of contrarian tales: Even as cars zoomed past their sales goalposts, twowheelers trudged along the rocky road. Car deliveries during the nine-day period saw a sharp year-on-year (YOY) double-digit increase for most automobile companies, said executives at carmakers and dealerships. In sharp contrast, the mood at two-wheeler firms and dealerships was sombre. The cumulative retail sales of two-wheelers are estimated to have plunged 10 per cent YOY, said dealers. They attributed the lacklustre sales to shuttered schools, colleges, and other commercial establishments accounting for a big share in urban markets.

Courtesyg: Google (photo)