His dealership sold 100 cars this year on Dhanteras and Diwali days, compared with 200 last year, he said. Officials at Honda Cars India and Hyundai Motor India Ltd agreed sales were subdued primarily because small traders and businessmen held off making purchases. He declined to mention the retail sales volumes for Honda. N. Raja, director, sales and marketing at Toyota Kirloskar Motor Ltd, said the firm’s Diwali retail sales grew by around 15% because of a healthy order book. Officials at Bajaj Auto Ltd and Honda Motorcycle and Scooters India said the companies will share their Dhanteras sales numbers later in the month.

Source: Mint October 22, 2017 18:56 UTC