Auto Sector Buzz ? Even the auspicious month of Diwali turned out to be slow for the industry. The Wholesales is in decline due to the poor festive sales and high inventory at the dealership. Moreover, the passenger vehicles sales is slow because of the high base in the year-ago period. Weak buyer sentiment due to High Fuel Prices which have been increasing over the last couple of months, High insurance cost, high vehicles prices and liquidity crunch in the NBFC sector.? These are the various negative reasons, affecting the sentiments of the customers and stopping them from putting down their money into new cars.
